Mihir Patel Acquires Hotel In Pennsylvania For $6.2M With Broker Arjun Sheth And Anudeep Gosal

The asset involved in this transaction is a hotel located at 121 North Point Drive in Pennsylvania. The sale price of the property was $6,200,000, with a total square footage of 26,000 and a price per square foot of $238. The hotel provides a total of 68 keys, resulting in a price per key of $91,176.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $6,200,000
• Address: 121 North Point Drive
• Market: Pennsylvania
• Square Footage: 26,000
• Price Per Square Foot: $238
• Total Keys: 68
• Price Per Key: $91,176

The buyer of the property is Mihir Patel, while the seller is Timothy Reddinger. The transaction was facilitated by brokers Arjun Sheth and Anudeep Gosal from Besen Partners.