SOLD
Kanti Pater's Vista Hospitality Acquires Castillo Real Hotel In St. Augustine For $11.5M
530 A1A Beach Boulevard - Castillo Real Hotel
Hotel
Sold 222 days ago
Summary
Sale
FLORIDA
Hotel
Hotelier Kanti Patel has purchased the Castillo Real Hotel in St. Augustine Beach for $11.5 million from MSB Hotels III LLC. The hotel is located at 530 A1A Beach Boulevard in the St. Augustine market. The transaction was completed on 10/04/2023.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $11,500,000
- Address: 530 A1A Beach Boulevard - Castillo Real Hotel
- Market: St. Augustine
Kanti Patel, the buyer, is the owner of Vista Hospitality, which currently operates 12 other hotels in the region, including the Renaissance St. Augustine Historic Downtown Hotel. The new hotel's brand has not been disclosed.
Details
SOLD
IMAGE: Kanti Pater
DATE: 10/04/2023
ADDRESS: 530 A1A Beach Boulevard - Castillo Real Hotel
MARKET: St. Augustine
ASSET TYPE: Hotel
BUYER: Kanti Pater - Vista Hospitality
SELLER: MSB Hotels III LLC
SALE PRICE: $11,500,000
NOTE: Hotelier Kanti Patel has purchased the Castillo Real Hotel in St. Augustine Beach for $11.5 million from MSB Hotels III LLC. Patel, a notable figure in the St. Augustine area, owns Vista Hospitality, which has 12 other hotels in the region, including the Renaissance St. Augustine Historic Downtown Hotel. The new hotel's brand remains undisclosed.View on map
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Address530 A1A Beach Boulevard - Castillo Real Hotel
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