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Sapna Premji's Northstar Hotels 4 LLC Acquires Residence Inn In Jacksonville For $8.3M

Property Image
SOLD
$8,300,000

Florida

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Hotel
Sold 07/22/2025
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Property Image
SOLD

Sapna Premji's Northstar Hotels 4 LLC Acquires Residence Inn In Jacksonville For $8.3M

1310 Airport Road

See Similar Deals
Hotel
Sold 07/22/2025
the dealdetailscomps

Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Sale

The property asset involved in the transaction is the 108-room Residence Inn located at 1310 Airport Road, Jacksonville. The hotel was sold for $8,300,000, reflecting a per-key price of $76,852. This hotel is positioned near Jacksonville Airport and is part of a back-to-back sale alongside another Marriott-branded property.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $8,300,000
  • Buyer: Sapna Premji - Northstar Hotels 4 LLC
  • Seller: Hospitality Investors Trust
  • Keys: 108
  • PPK: $76,852

In this transaction, Sapna Premji’s Northstar Hotels 4 LLC acquired the Residence Inn from Hospitality Investors Trust, just after purchasing a nearby Courtyard hotel for $6,810,000. This acquisition marks a strategic expansion of Northstar’s presence in Florida, particularly with both hotels being located within a mile of each other.

Details

SOLD
IMAGE: 07/22/2025 ADDRESS: 1310 Airport Road MARKET: Jacksonville ASSET TYPE: Hotel BUYER: Sapna Premji - Northstar Hotels 4 LLC SELLER: Hospitality Investors Trust SALE PRICE: $8,300,000 KEYS: 108 ~ PPK: $76,852 NOTE: Sapna Premji’s Northstar Hotels 4 LLC acquired the 108-room Residence Inn near Jacksonville Airport for $8.3M from Hospitality Investors Trust, following a $6.81M purchase of a nearby Courtyard hotel the same day.Both Marriott-branded hotels are within a mile of each other and were sold in a back-to-back deal, marking an expansion of Northstar’s Florida portfolio.

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