Marcus & Millichap Sells Palm Beach Gardens Hotel For $12.03M | 11360 U.S. Highway 1 | McLean Hicklin, Leo Reilly, Robert Hunter | Hotel | Sale

Summary

Sale

FLORIDA

Hotel

A hotel located at 11360 U.S. Highway 1 in Palm Beach Gardens has been sold for $12,030,000. The transaction took place on September 25, 2022. The hotel consists of 83 keys and has a price per key of $144,940. The sale was facilitated by Robert S. Hunter, Leo Reilly, and McLean Hicklin of Marcus & Millichap.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $12,030,000
Address: 11360 U.S. Highway 1, Palm Beach Gardens
Market: Palm Beach Gardens
Keys: 83
Price Per Key: $144,940

Robert S. Hunter, Leo Reilly, and McLean Hicklin from Marcus & Millichap were the brokers involved in the sale of the hotel.

Players

All
4

Agents
3
Agencies
1

$53.1M Sold

$96.5M Sold

First Vice President Investments

$146.3M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Leo Reilly, Robert S. Hunter & McLean Hicklin DATE: 09/25/2022 ADDRESS: 11360 U.S. Highway 1 MARKET: Palm Beach Gardens ASSET TYPE: Hotel BROKERS: Robert S. Hunter, Leo Reilly & McLean Hicklin (@Mclean_Hicklin) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $12,030,000 KEYS: 83 ~ PPK $144,940

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Address11360 U.S. Highway 1

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