Sapna Premji's Northstar Hotels 3 LLC Acquires Hotel In Jacksonville For $6.813M From Hospitality Investors Trust

The hotel asset involved in the transaction is a Courtyard Jacksonville Airport Northeast property, consisting of 45,988 square feet and situated on 2.97 acres at 14668 Duval Road in the Jacksonville market. The hotel was sold for $6,813,000, translating to a price per square foot of $148. This property was built in 1996 and is located near the Jacksonville International Airport. The hotel last sold for $6.24 million in 2015.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $6,813,000
• Sale Date: 07/22/2025
• Buyer's Name: Sapna Premji
• Seller's Name: Hospitality Investors Trust
• Square Footage: 45,988
• Price Per Square Foot: $148
• Acres: 2.97

Northstar Hotels 3 LLC, which is led by Sapna Premji, acquired the hotel from Hospitality Investors Trust. The transaction highlights the involvement of these key individuals and companies without reiterating previous details regarding the financial aspects of the deal.