Dharma Malempati Acquires Hotel In Tampa For $10M

Ely Silverstein, David Greenberg, Gabriel Shamay, and Christopher Passeggiata of Marcus & Millichap represented the buyer in the sale of a hotel located at 601 S Dale Mabry Hwy in Tampa. The property, spanning 36,600 square feet, was sold by Joe Pupello to Dharma Malempati for a sale price of $10,000,000, resulting in a price per square foot of $273.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,000,000
• Address: 601 S Dale Mabry Hwy, Tampa
• Square Footage: 36,600
• Buyer: Dharma Malempati
• Seller: Joe Pupello
• Brokers: Ely Silverstein, David Greenberg, Gabriel Shamay - Christopher Passeggiata - Marcus & Millichap

The team at Marcus & Millichap, led by Ely Silverstein, David Greenberg, Gabriel Shamay, and Christopher Passeggiata, facilitated the transaction between Dharma Malempati and Joe Pupello for the sale of the hotel.