Certes Partners Acquires Hotel On Capital Boulevard In Raleigh, NC For $18.8M | 2715 Capital Boulevard | Hotel | Sale

Summary

Sale

NORTH CAROLINA

Hotel

66,000 sqft

The property involved in this transaction is a hotel located at 2715 Capital Boulevard in Raleigh, NC. The sale took place on 03/13/2023, with the buyer being Certes Partners - Elan Hakimian & Sunder Jambunathan and ADMI Developments, an affiliate of The Hakimian Organization. The seller was the Chhabra Family. The sale price amounted to $18,784,000, and the transaction included 140 keys.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $18,784,000
Address: 2715 Capital Boulevard, Raleigh, NC
Buyer: Certes Partners - Elan Hakimian & Sunder Jambunathan; ADMI Developments
Seller: Chhabra Family
Keys: 140

Certes Partners, represented by Elan Hakimian & Sunder Jambunathan, is actively acquiring distressed and underperforming hotels in high-growth markets nationwide. In addition to acquiring assets directly, they also provide LP and GP capital. For all relevant opportunities, please contact [email protected].

Details

Deal Summary

SOLD

IMAGE: Elan Hakimian & Sunder Jambunathan DATE: 03/13/2023 ADDRESS: 2715 Capital Boulevard MARKET: Raleigh, NC ASSET TYPE: Hotel BUYER: Certes Partners (@CertesPartners) - Elan Hakimian (@ElanHak) & Sunder Jambunathan (@RollingSunder); ADMI Developments (An Affiliate of The Hakimian Organization) SELLER: Chhabra Family SALE PRICE: $18,784,000 Keys: 140 NOTE FROM BUYER: Sale price includes redevelopment loan. Certes is actively acquiring distressed & underperforming hotels in high-growth markets nationwide. We are acquiring assets directly as well as providing LP & GP capital. Please send all opportunities to [email protected].

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Address2715 Capital Boulevard

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