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Lucern Capital Acquires Hotel In Charlotte, NC For $8.4M

8710 Research Drive
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This Hotel property located in NC was sold for $8,400,000 about 2 years ago. The brokers of the deal were Daniel Shabtai, Michael "Mike" Kerwin, and Jonathan Brody

An 96-key hotel located at 8710 Research Drive in Charlotte, NC has been sold for $8,400,000. The property was sold on 03/24/2022. The buyer, Lucern Capital represented by Frank Forte, acquired the hotel from the seller, Kayak Group represented by Kalpak Shah. The transaction was facilitated by brokers Daniel Shabtai, Jonathan Brody, and Michael Kerwin from Rosewood Realty Group. The hotel is situated in the Charlotte, NC market.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $8,400,000
  • Address: 8710 Research Drive
  • Market: Charlotte, NC
  • Buyer: Lucern Capital - Frank Forte
  • Seller: Kayak Group - Kalpak Shah
  • Brokers: Daniel Shabtai & Jonathan Brody & Michael Kerwin - Rosewood Realty Group

Daniel Shabtai, Jonathan Brody, and Michael Kerwin from Rosewood Realty Group played a crucial role in representing the buyer and seller in this transaction.

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Deals
  • Location
    8710 Research Drive, Charlotte, North Carolina 28262, United States8710 Research Drive, Charlotte, North Carolina 28262, United States
  • Sale Price
    $8,400,000$8,400,000
    $150 PPSF$150 PPSF
  • Area
    55,708 SF55,708 SF
  • Asset Type
    HotelHotel
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Daniel Shabtai

Daniel Shabtai

Deals5
Sold$26.5M

Agencies

Rosewood Realty Group

Rosewood Realty Group

Agency
Deals370
Volume$6.5B

Base Realty Group

Base Realty Group

Agency
Deals28
Volume$1.1B

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Deal Summary

SALE IMAGE: Daniel Shabtai, Jonathan Brody & Michael Kerwin DATE: 03/24/2022 ADDRESS: 8710 Research Drive MARKET: Charlotte, NC ASSET TYPE: Hotel BUYER: Lucern Capital - Frank Forte SELLER: Kayak Group - Kalpak Shah BROKERS: Daniel Shabtai (@DanShabtai) & Jonathan Brody (@JonathanJBrody) & Michael Kerwin (@Michael_Kerwin) - Rosewood Realty Group (@RosewoodRealtyGroup) SALE PRICE: $8,400,000 KEYS: 96 ~ PPK: $87,500

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8710 Research Drive

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