Ronak Patel Acquires Travelodge By Wyndham Hotel In Harvey, LA For $4.5M

Marcus & Millichap has successfully facilitated the sale of the Travelodge by Wyndham - New Orleans West, a 212-room hotel located at 2200 Westbank Expressway in Harvey, LA. The property was sold for $4,495,000, with a price per key of $21,203.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $4,495,000
• Address: 2200 Westbank Expressway, Harvey, LA
• Market: Harvey, LA
• Buyer: Ronak Patel
• Brokers: David Altman, Adam Sklaver & Philip Kates - Marcus & Millichap
• Keys: 212
• Price Per Key: $21,203

The deal was facilitated by Marcus & Millichap, with brokers David Altman, Adam Sklaver, and Philip Kates representing the parties involved in the transaction. The sale of the Travelodge by Wyndham - New Orleans West marks a significant achievement in the hospitality sector in Harvey, LA.