Fifth Hospitality LLC Purchases Hotel In St. Johns County From Shaner Select Services Hotel IV LLC For $9.75M

The property asset involved in this transaction is a hotel located at 2075 State Road 16 in St. Johns County. It spans 2.8 acres and features a total square footage of 53,000. The sale price for the property was $9,750,000, equating to a price per square foot of $184.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $9,750,000
• Address: 2075 State Road 16
• Market: St. Johns County
• Seller: Shaner Select Services Hotel IV LLC
• Buyer: Fifth Hospitality LLC
• Acres: 2.8
• Square Footage: 53,000
• Price per Square Foot: $184

This transaction involved Fifth Hospitality LLC as the buyer, acquiring the Courtyard by Marriott from Shaner Select Services Hotel IV LLC. Notably, Shaner has been actively involved in selling First Coast properties this year, including transactions of two additional Courtyard hotels in Jacksonville.