Opterra Capital Acquires Boca Raton Hotel From Archer Capital Group For $13.3M
701 Northwest 53rd Street
Hotel
86,138 SF
86,138 SF
Summary
A hotel located at 701 Northwest 53rd Street in Boca Raton has been sold for $13,300,000. The transaction took place on July 23, 2021. The property spans across 5 acres and has a total of 180 keys. With a price per key of $73,889, the hotel's market value amounts to $2,660,000 per acre.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $13,300,000
- Address: 701 Northwest 53rd Street, Boca Raton
- Keys: 180
- Price per Key: $73,889
- Acres: 5
- Price per Acre: $2,660,000
The buyer of the hotel is Opterra Capital, while the seller is Archer Capital Group represented by Bakul & Rahil Sanghvi.
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701 Northwest 53rd Street
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