Greg Friedman Of Peachtree Group Acquires Holiday Inn Express In Cape Canaveral For $40M

The asset involved in this transaction is a 150-room hotel located at 995 Shorewood Drive in Cape Canaveral, Florida. The property, known as Holiday Inn Express Cape Canaveral, was constructed in 2023. It features on-site amenities including a restaurant, outdoor pool, fitness center, and terrace. The sale price of the hotel was $40 million, which translates to a price per key of $266,667.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $40,000,000
• Buyer: Greg Friedman - Peachtree Group
• Seller: KWC Management
• Location: 995 Shorewood Drive, Cape Canaveral, FL
• Number of Rooms: 150
• Price Per Key: $266,667

This transaction highlights the involvement of Greg Friedman, representing Peachtree Group, which has expanded its hospitality portfolio with this acquisition. KWC Management served as the seller in this deal, facilitating the transfer of ownership of the hotel property.