Bryan Moll Of Gateway Jax Purchases Historic Hotel In Jacksonville For $17 Million

The property involved in this transaction is a hotel located at 420 North Julia Street in Jacksonville, covering an area of 1.48 acres. It was sold for $17,000,000 and encompasses the historic Ambassador Hotel and Central National Bank building. The new owner has plans for a mixed-use development called Pearl Square, which includes renovating the hotel into an undisclosed brand and adapting the bank building for residential and commercial use.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $17,000,000
• Sale Date: 02/14/2025
• Address: 420 North Julia Street
• Market: Jacksonville
• Acres: 1.48
• Buyer: Bryan Moll - Gateway Jax
• Seller: 420 Julia St LLC
• Lender: DLP Capital

The transaction involved Bryan Moll representing Gateway Jax as the buyer, acquiring the property from 420 Julia St LLC. The deal is supported by DLP Capital as the lender, facilitating the financing required for this significant acquisition and development project.