Menin Development Acquires Hotel In Delray Beach From Crane Family For $10M

The hotel located at 82 Gleason St in Delray Beach was recently sold for $10,000,000. The transaction was completed on November 4, 2021. The property features 28 keys and the price per key was $357,143.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $10,000,000
• Address: 82 Gleason St, Delray Beach
• Date: November 4, 2021
• Keys: 28
• Price Per Key: $357,143

The buyer of the hotel was Menin Development, represented by Jordana Jarjura and Craig Menin. On the other hand, the seller of the property was the Crane Family. The lender involved in the transaction was Northeastern Bank.