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1505 Belvedere Road
SOLD

Index Investment Group Acquires Hotel In West Palm Beach For $12.5M

1505 Belvedere Road

Hotel
47,472 SF
clock iconSold 1 year ago
Rich Lillis
Mark M. Rubin
Bastian Schauer
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Summary

Sale
FLORIDA
Hotel
47,472 sqft

The Hotel located at 1505 Belvedere Rd in West Palm Beach has been sold for a sale price of $12,500,000. The property spans a total area of 47,472 square feet, with a price per square foot of $263. It consists of 135 keys, resulting in a price per key of $92,593.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $12,500,000
  • Address: 1505 Belvedere Rd
  • Market: West Palm Beach

The buyer of this property is Index Investment Group, represented by Bjarne Borg. The seller is Cherry Cove Hospitality. The deal was facilitated by Bastian Laggerbauer, Mark Rubin, and Rich Lillis from Colliers International.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Rich Lillis's profile picture
Rich Lillis
Colliers International-image
Executive Managing Director
$12.5M Sold
Bastian Schauer's profile picture

Details

Deal Summary
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SOLD
IMAGE: Mark Rubin & Bastian Laggerbauer DATE: 08/08/2022 ADDRESS: 1505 Belvedere Rd MARKET: West Palm Beach ASSET TYPE: Hotel BUYER: Index Investment Group - Bjarne Borg SELLER: Cherry Cove Hospitality BROKER: Bastian Laggerbauer (@Bastian1992), Mark Rubin (@Sofloinvestmentsales) & Rich Lillis - Colliers International SALE PRICE: $12,500,000 KEYS: 135 ~ PPK: $92,593 SF: 47,472 ~ PPSF: $263

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Address1505 Belvedere Road

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