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

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].