The property involved in this transaction is a hotel located at 2535 FL-16 in St. Augustine. The sale took place on 03/16/2022, and the property has a total square footage of 52,000. The sale price for this hotel was $5,250,000, resulting in a price per square foot of $101. The property has a total of 144 keys, with a price per key of $36,458.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $5,250,000
• Address: 2535 FL-16, St. Augustine
• Market: St. Augustine

The buyer in this transaction was Robert Beyer. The seller of the hotel was Samuel Bonnardel, representing the Rore Investment Group. Ahmed Kabani from Marcus & Millichap served as the broker for this deal.

Samuel Bonnardel provided a note stating that RORE Investment Group is actively seeking to purchase economy, mid-scale hotels, apartment complexes, and retail properties. They have the resources to underwrite and close transactions quickly. If you are open to receiving an offer on your property, you can get in touch with Samuel Bonnardel at [email protected] or by calling 305-542-7051. Additional information can also be found at Roreinvestmentgroup.com.