Mitch Patel - Vision Hospitality Buys Land From Andrew Joblon - Turnbridge Equities

A 0.24-acre land parcel located at 501 North West Street in Raleigh, NC, was sold for $4,600,000. The land is slated for the development of a 9-story, 169-key Moxy hotel, as Vision Hospitality Group acquired the property from Turnbridge Equities.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $4,600,000
• Square Footage: 10,455
• Price per Square Foot: $440
• Buyer: Mitch Patel - Vision Hospitality
• Seller: Andrew Joblon - Turnbridge Equities
• Market: Raleigh, NC

Mitch Patel of Vision Hospitality acted as the buyer in this transaction, while Andrew Joblon represented Turnbridge Equities as the seller. The acquisition of this property marks Vision Hospitality's plans for further hospitality development in Raleigh's Glenwood South area.