VJ Hotels And ARK Hospitality Acquire Holiday Inn Alexandria Downtown From Sharpco Hotels For $9.8M

The transaction involved the sale of the Holiday Inn Alexandria Downtown, a 169-room hotel located at 701 4th Street in Alexandria, LA. The sale price was $9,800,000, resulting in a price per unit of $57,988.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $9,800,000
• Units: 169
• Address: 701 4th Street
• Market: Alexandria, LA

The buyer of the property was a partnership between VJ Hotels and ARK Hospitality, while the seller was Sharpco Hotels. The brokerage for this transaction was handled by David Altman from Marcus & Millichap.