Gilad Ovaknin Acquires Daytona Beach Hotel For $12.5M

The hotel located at 301 South Atlantic Avenue in Daytona Beach has been sold for a total price of $12,550,000. The property spans a total area of 39,204 square feet, resulting in a price per square foot of $320. The transaction took place on December 21, 2022.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $12,550,000
• Address: 301 South Atlantic Avenue, Daytona Beach
• Market: Daytona Beach
• Buyer: Gilad Ovaknin
• Seller: Bhakta Sahdev
• Brokers: Ahmed Kabani, Kian Mclean & Lucas Mondino - Marcus & Millichap
• Square Footage: 39,204
• Price per Square Foot: $320

Ahmed Kabani, Kian Mclean, and Lucas Mondino from Marcus & Millichap represented the parties involved in the transaction as the brokers. They facilitated the deal between the buyer, Gilad Ovaknin, and the seller, Bhakta Sahdev.