Michael Delouya, Thierry Cohen Scali And Daniel Benhamou Acquire Hotel In Hollywood For $6.85M

The property asset involved in this transaction is a hotel located at 1215 North Ocean Drive in Hollywood, Florida. The sale price for the hotel was $6,850,000, encompassing a total area of 16,456 square feet, which translates to a price per square foot of $416.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $6,850,000
• Address: 1215 North Ocean Drive, Hollywood, FL
• Square Footage: 16,456 SF
• Price per Square Foot: $416
• Buyer: Michael Delouya, Thierry Cohen Scali & Daniel Benhamou
• Seller: Pamela Riccio
• Brokers: Michael Rotella, Conor Larkin & Bill Rotella - The Rotella Group
• Seller Financing: $5.48M with a 2031 maturity

This transaction involved an entity associated with Michael Delouya, Thierry Cohen Scali, and Daniel Benhamou acquiring the hospitality property from an entity linked to Pamela Riccio. The brokers for the seller were Michael Rotella, Conor Larkin, and Bill Rotella, who are all part of The Rotella Group.