Wheelock Street Capital Acquires Hotel In West Palm Beach For $106.4M

A hotel property located at 251 North Narcissus Ave in West Palm Beach has been sold for a total of $106,400,000. The transaction took place on October 8, 2021. This hotel, consisting of 208 keys, was purchased by Wheelock Street Capital, represented by Tim Hodes. The seller was Concord Hospitality, represented by Mark Laport. The deal was facilitated by brokers Paul Weimer and Ron Danko from CBRE.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $106,400,000
• Address: 251 North Narcissus Ave, West Palm Beach
• Market: West Palm Beach

Wheelock Street Capital, led by Tim Hodes, acquired the hotel located at 251 North Narcissus Ave in West Palm Beach for a significant amount of $106,400,000. Concord Hospitality, represented by Mark Laport, served as the seller in this transaction. The deal was successfully facilitated by Paul Weimer and Ron Danko from CBRE.