SOLD
MHG Hotels Acquires West Palm Beach Hotel For $20.5M
1800 Centrepark Drive East
Hotel
Sold 181 days ago
Summary
Sale
FLORIDA
Hotel
The hotel located at 1800 Centrepark Drive East in West Palm Beach has been sold in a transaction valued at $20,500,000. The property is an asset type hotel and was sold by WSCDEL 101, with Jay Batra representing the seller. MHG Hotels, represented by Sanjay Patel, Hiren Patel, and Neal Patel, acquired the hotel. The deal was facilitated by brokers Robert Taylor and Sophia Pittaluga from Hunter Hotel Advisors.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $20,500,000
- Seller: WSCDEL 101 - Jay Batra
- Buyer: MHG Hotels - Sanjay Patel, Hiren Patel & Neal Patel
- Brokers: Robert Taylor & Sophia Pittaluga - Hunter Hotel Advisors
MHG Hotels plans to invest an additional $4 million in renovations for the recently acquired hotel. They are actively searching for new development sites and potential acquisitions. For further inquiries, MHG Hotels can be contacted via email at [email protected].
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Hiren Patel, Sanjay Patel & Neal Patel
DATE: 11/17/2023
ADDRESS: 1800 Centrepark Drive East
MARKET: West Palm Beach
ASSET TYPE: Hotel
BUYER: MHG Hotels (@MHGHotels) - Sanjay Patel, Hiren Patel & Neal Patel
SELLER: WSCDEL 101 - Jay Batra
BROKERS: Robert Taylor & Sophia Pittaluga (@SophiaPittaluga) - Hunter Hotel Advisors (@HunterHotelAdvisors)
SALE PRICE: $20,500,000
NOTE FROM BUYER: This hotel is set to undergo an additional $4 million in renovations. MHG Hotels is actively seeking new development sites and acquisitions. For further inquiries, you can reach MHG Hotels team via email at [email protected].View on map
Loading...
Address1800 Centrepark Drive East
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want