Dharma Malempati Acquires Tampa Hotel On S Dale Mabry Hwy For $10M

The recently closed property transaction in Tampa involves a hotel located at 601 S Dale Mabry Hwy. The sale was facilitated by brokers Ely Silverstein, David Greenberg, Gabriel Shamay, and Christopher Passeggiata from Marcus & Millichap, representing the seller, Joe Pupello. The buyer, Dharma Malempati, acquired the property for a total price of $10,000,000. The hotel spans approximately 36,600 square feet, resulting in a price per square foot of $273.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $10,000,000
• Address: 601 S Dale Mabry Hwy
• Market: Tampa
• Brokers: Ely Silverstein, David Greenberg, Gabriel Shamay - Christopher Passeggiata - Marcus & Millichap

The key individuals involved in the deal were Dharma Malempati as the buyer and Joe Pupello as the seller. The transaction was successfully negotiated by the team of brokers, Ely Silverstein, David Greenberg, Gabriel Shamay, and Christopher Passeggiata, representing Marcus & Millichap. Together, they facilitated the purchase of the hotel property, contributing to the successful closing of the transaction.