Shmuel Bonnardel's RORE Investment Group Acquires Hotel In West Palm Beach For $12.95M

A hotel located at 5981 Okeechobee Blvd in West Palm Beach has been sold in a recent transaction. The property, consisting of 41,703 square feet, was sold for a price of $12,950,000. The sale price per square foot equates to $311. The hotel comprises 114 keys, resulting in a price per key of $113,596.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $12,950,000
• Square Footage: 41,703
• Address: 5981 Okeechobee Blvd
• Market: West Palm Beach
• Buyer: Shmuel Bonnardel - RORE Investment Group
• Keys: 114

Shmuel Bonnardel, representing RORE Investment Group, acted as the buyer in this transaction. The buyer can be contacted at [email protected] or (904) 310-0065.

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