Mit Shah Of Noble Investment Group Acquires Two Hotels From Gold Coast Premier Properties Group For $16.48M

The transaction involved two WoodSpring Suites hotels located in Broward County, specifically at 3660 Red Road in Miramar and 5751 Madison Avenue in Tamarac. The combined sale price for these properties amounted to $16,480,000, with the Miramar property sold for $9.2 million and the Tamarac property for $7.28 million. The assets collectively feature 244 keys, translating to a price per key of $67,541.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $16,480,000
• Buyer: Mit Shah - Noble Investment Group
• Seller: Gold Coast Premier Properties Group
• Address: 3660 Red Road, Miramar; 5751 Madison Avenue, Tamarac
• Keys: 244
• Price Per Key: $67,541

Noble Investment Group, represented by Mit Shah, was the buyer in this transaction, acquiring the properties from Gold Coast Premier Properties Group. The deal involved a strategic investment in the Broward County market, emphasizing a significant portfolio expansion for Noble Investment Group through this acquisition of both hotel assets.