Condra Property Group Acquires Hollywood Hotel For $6.3M

The hotel located at 320 McKinley St in Hollywood, FL has been sold in a recent transaction. The property, which spans 17,500 square feet, was purchased by Condra Property Group for a total price of $6,300,000. The sale price equates to a price per square foot of $360. The hotel features 10 keys, with a per key price of $630,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $6,300,000
• Address: 320 McKinley St, Hollywood, FL
• Market: Hollywood, FL
• Square Footage: 17,500

Condra Property Group, represented by Mark Drachman, Allen Konstam, and Ira Chaimovits, acquired the property. The seller, VG Invest Zion, represented by Victor Goldenberg, successfully completed the transaction. The deal signifies the involvement of these key individuals and companies in the hotel's ownership transfer.