Wheelock Street Capital Acquires Hotel In West Palm Beach For $106.4M | 251 North Narcissus Avenue | Ron Danko, Paul Weimer | Hotel | Sale

Summary

Sale

FLORIDA

Hotel

25,008 sqft

A hotel property located at 251 North Narcissus Ave in West Palm Beach has been sold for a total of $106,400,000. The transaction took place on October 8, 2021. This hotel, consisting of 208 keys, was purchased by Wheelock Street Capital, represented by Tim Hodes. The seller was Concord Hospitality, represented by Mark Laport. The deal was facilitated by brokers Paul Weimer and Ron Danko from CBRE.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $106,400,000
Address: 251 North Narcissus Ave, West Palm Beach
Market: West Palm Beach

Wheelock Street Capital, led by Tim Hodes, acquired the hotel located at 251 North Narcissus Ave in West Palm Beach for a significant amount of $106,400,000. Concord Hospitality, represented by Mark Laport, served as the seller in this transaction. The deal was successfully facilitated by Paul Weimer and Ron Danko from CBRE.

Players

All
3

Agents
2
Agencies
1

Ron Danko

Executive Vice President

$188.9M Sold

Paul Weimer

Senior Vice President

$644.8M Sold

CBRE

Details

Deal Summary

SOLD

IMAGE: Paul Weimer & Ron Danko DATE: 10/08/2021 ADDRESS: 251 North Narcissus Ave MARKET: West Palm Beach ASSET TYPE: Hotel BUYER: Wheelock Street Capital - Tim Hodes SELLER: Concord Hospitality - Mark Laport BROKERS: Paul Weimer & Ron Danko - CBRE SALE PRICE: $106,400,000 KEYS: 208 ~ PPK: $511,538

View on map

Address251 North Narcissus Avenue

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want