Lucern Capital Acquires Hotel In Charlotte, NC For $8.4M

An 96-key hotel located at 8710 Research Drive in Charlotte, NC has been sold for $8,400,000. The property was sold on 03/24/2022. The buyer, Lucern Capital represented by Frank Forte, acquired the hotel from the seller, Kayak Group represented by Kalpak Shah. The transaction was facilitated by brokers Daniel Shabtai, Jonathan Brody, and Michael Kerwin from Rosewood Realty Group. The hotel is situated in the Charlotte, NC market.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $8,400,000
• Address: 8710 Research Drive
• Market: Charlotte, NC
• Buyer: Lucern Capital - Frank Forte
• Seller: Kayak Group - Kalpak Shah
• Brokers: Daniel Shabtai & Jonathan Brody & Michael Kerwin - Rosewood Realty Group

Daniel Shabtai, Jonathan Brody, and Michael Kerwin from Rosewood Realty Group played a crucial role in representing the buyer and seller in this transaction.