SOLD
Index Investment Group Acquires Hotel In West Palm Beach For $12.5M
1505 Belvedere Road
Hotel
47,472 SF
47,472 SF
Sold 1 year ago
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
Details
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: $263View on map
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Address1505 Belvedere Road
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