S 4 Global Investments Acquires Palm Bay Hotel In Palm Bay For $6.5M

The closed transaction involves the sale of a hotel located at 890 Palm Bay Road in Palm Bay. The property, owned by Palm Bay Hotel Venture, LLC, was purchased by S 4 Global Investments for a total sale price of $6,500,000. The deal was facilitated by brokers Dennis Hopper and Randy Taylor from DSH Hotel Advisors. The hotel comprises a total of 67 rooms and was sold at a price per key (PPK) of $97,015.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $6,500,000
• Address: 890 Palm Bay Road
• Market: Palm Bay
• Buyer: S 4 Global Investments
• Seller: Palm Bay Hotel Venture, LLC
• Brokers: Dennis Hopper & Randy Taylor - DSH Hotel Advisors

This transaction showcases the collaboration between S 4 Global Investments as the buyer and Palm Bay Hotel Venture, LLC as the seller. The involvement of brokers Dennis Hopper and Randy Taylor, representing DSH Hotel Advisors, helped facilitate the deal. The sale price of $6,500,000 reflects the value of the hotel property, which features 67 rooms with a price per key (PPK) of $97,015.