Four Point Dynamics Acquires Hotel In El Paso For $4,550,000 From K & K Hotel Group

The property asset involved in this transaction is a hotel located at 11033 Gateway Boulevard West in the El Paso market. The total square footage of the hotel is 51,428, and the sale price was $4,550,000, which translates to a price per square foot of $88.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $4,550,000
• Square Footage: 51,428
• Address: 11033 Gateway Boulevard West
• Market: El Paso
• Price Per Square Foot: $88
• Buyer: Four Point Dynamics
• Seller: K & K Hotel Group
• Broker Representatives: Sagar Sam Patel & Peter Agnoletti - Apex Lodging Advisors
• NOTE: Institutional buyer with an all cash quick closing.

The transaction was facilitated by the brokers Sagar Sam Patel and Peter Agnoletti from Apex Lodging Advisors. The involvement of ParaSell Inc. as part of the brokerage team is also noted in the transaction details.