Rivercrest Realty Associates Acquires Winston-Salem Hotel For $17.8M

The hotel located at 1995 Hampton Inn Court in Winston-Salem, NC was recently sold for a total price of $17,840,000. This property, consisting of 108 keys, was sold at an average price per key (PPK) of $165,185.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $17,840,000
• Address: 1995 Hampton Inn Court, Winston-Salem, NC
• Market: Winston-Salem, NC

Rivercrest Realty Associates acquired the hotel from the previous owner, Richardson Corp.

These are the key individuals and companies involved in the transaction:

• Buyer: Rivercrest Realty Associates
• Seller: Richardson Corp