Ben Mallah Acquires Treasure Island Hotel For $18.15M

A hotel located at 11125 Gulf Boulevard in Treasure Island has been sold for a transaction amount of $18,150,000. The property spans 42,882 square feet, resulting in a price per square foot of $423. The sale was completed on January 24, 2023.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $18,150,000
• Address: 11125 Gulf Boulevard
• Market: Treasure Island
• Square Footage: 42,882
• Price per Square Foot: $423

The buyer of the hotel was Ben Mallah, while the seller was Bill Bowen. Ahmed Kabani and Kian Mclean from Marcus & Millichap - Kabani Hotel Group represented the buyer in the transaction.