Ocean Hospitality LLC Acquires Hotel In Wilmington, NC From Heli Hospitality

An undisclosed hotel property located at 4926 Market St in Wilmington, NC has been sold in a closed transaction. The transaction date was on November 18, 2021. Ocean Hospitality LLC acquired the property from Heli Hospitality for an approximate sale price of $5,000,000. The property is comprised of 119 keys and has a price per key of around $42,017. Robert Hunter from Marcus & Millichap represented the buyer and seller in this transaction.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $5,000,000 (Approx.)
• Address: 4926 Market St, Wilmington, NC
• Market: Wilmington, NC

This deal involved Ocean Hospitality LLC as the buyer and Heli Hospitality as the seller. Robert Hunter from Marcus & Millichap acted as the broker in the transaction. The property consists of 119 keys and has a sale price of approximately $5,000,000. The price per key is estimated to be around $42,017. This transaction was closed on November 18, 2021.