The property involved in this transaction is the 88-room Hampton Inn Melbourne-Viera located at 130 Sheriff Drive in Melbourne, Florida. It was sold for $16,500,000, which equates to $187,500 per key. The hotel was originally built in 2007 and underwent renovation in 2022.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $16,500,000
• Buyer: Lincoln Hospitality Management
• Seller: Alpental Capital
• Broker: Hunter Hotel Advisors
• Keys: 88
• PPK: $187,500

This transaction was facilitated by Hunter Hotel Advisors, representing the interests of Alpental Capital as the seller. Lincoln Hospitality Management has acquired the property, enhancing their portfolio in the hotel market.