Spark Hotels Acquires Hotel In Cleveland, Ohio For $19.3M From Noble Investment Group - Mit Shah

The property involved in this closed transaction is a hotel located at 833 Superior Avenue in Cleveland, Ohio. The transaction took place on January 5, 2023. The property was sold for a total price of $19,300,000. The buyer of the hotel is Spark Hotels, while the seller is Noble Investment Group, represented by Mit Shah.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $19,300,000
• Keys: 194
• Price per Key: $99,485

Mit Shah, from Noble Investment Group, played a key role in the transaction as the seller's representative. Spark Hotels, the buyer, acquired the hotel at a price of $19,300,000. The hotel offers 194 keys with a price per key of $99,485.