Falak Properties LLC Acquires Hotel From 1031 Specialists Processor LLC For $5.2M In Valdosta GA

The recently renovated 71-room Sleep Inn & Suites is located at 3026 James Road in Valdosta, GA. The hotel has a sale price of $5,200,000, with a price per key of $73,239.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $5,200,000
• Buyer: Falak Properties, LLC
• Seller: 1031 Specialists Processor, LLC
• Brokers: Dennis Hopper, Vandan A. Patel & Randy B. Taylor - DSH Hotel Advisors
• Keys: 71
• PPK: $73,239

DSH Hotel Advisors was instrumental in brokering the deal, successfully attracting over 120 confidentiality agreements and multiple competitive offers for the property.