Mike Patel Of T2 Hospitality Acquires Hilton Garden Inn In Ponte Vedra Beach For $28.5M

The asset involved in the transaction is a hotel located at 45 TPC Blvd., Ponte Vedra Beach. This hotel, the Hilton Garden Inn Jacksonville Ponte Vedra Sawgrass, was built in 2000 and has a total square footage of 83,497. It was sold for a transaction amount of $28,500,000, which results in a price per square foot of $341. The hotel features updated rooms, a lobby, a fitness center, a pool, and a restaurant called Mulligan’s Pub, having undergone renovations in 2022.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $28,500,000
• Square Footage: 83,497
• Address: 45 TPC Blvd
• Market: Ponte Vedra Beach
• Buyer: Mike Patel - T2 Hospitality
• Seller: Mit Shah - Noble Investment Group

In this transaction, Mike Patel represented T2 Hospitality while Mit Shah represented Noble Investment Group. Both individuals were instrumental in finalizing the sale of the Hilton Garden Inn Jacksonville Ponte Vedra Sawgrass.