RT2 Investments LLC Acquires Palm Harbor Hotel From Gold Sun Hospitality For $6.85M

A hotel located at 37611 U.S. Highway 19 N in Palm Harbor has been sold in a recent transaction. The property, consisting of 98 units, was purchased by RT2 Investments LLC from seller Gold Sun Hospitality for a sale price of $6,850,000. The price per unit was approximately $69,898, and the total square footage of the hotel is 44,750, resulting in a price per square foot of $153.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $6,850,000
• Address: 37611 U.S. Highway 19 N, Palm Harbor
• Market: Palm Harbor
• Buyer: RT2 Investments LLC
• Seller: Gold Sun Hospitality
• Number of Units: 98
• Price per Unit: $69,898
• Total Square Footage: 44,750
• Price per Square Foot: $153

RT2 Investments LLC acted as the buyer in this transaction, while Gold Sun Hospitality represented the seller. The deal represents a significant investment in the Palm Harbor market and highlights the ongoing activity in the hotel sector.