Kevish Patel Acquires Hotel In New Port Richey From HDG Hotels For $9.9M

A hotel located at 5316 US-19 in New Port Richey has been sold for a price of $9,900,000. The property consists of 150 keys, with a price per key of $66,000. The transaction took place on 07/07/2022 and the buyer was Kevish Patel, while the seller was HDG Hotels.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $9,900,000
• Address: 5316 US-19, New Port Richey
• Market: New Port Richey
• Buyer: Kevish Patel
• Seller: HDG Hotels
• Brokers: Ryan Nee, Jack Davis, Joce Messinger, Josh Williams, Joe Simpson & Eric Webster - Marcus & Millichap
• Keys: 150
• Price Per Key: $66,000

The deal was facilitated by brokers Ryan Nee, Jack Davis, Joce Messinger, Josh Williams, Joe Simpson, and Eric Webster from Marcus & Millichap.