- After having the site under contract for the better part of 2016 to a hotel flag seeking a developer, the flag dropped contract. Within 30 days, KWB, LLC, a company which specializes in premium upscale and upper-midscale, select- service hotels such as Marriott, IHG, Hilton and Hyatt, bought the site for $2,525,000 in August of 2017.
- KWB built a 114-room hotel on the two-acre site.
- As a result of the transaction, the Seller was able to secure funds for their retirement and set a city-wide pricing record.
JOIN OUR NETWORK
SIGN UP FOR MARKET UPDATES & LISTINGS
Join our subscriber list to receive updates on listings, closings, and strategies shaping the commercial real estate space. We keep it focused, actionable, and relevant—just what serious investors and professionals need.
© 2026 CRE Solution. All rights reserved | Website design by BTS Brands | Terms of Use | Privacy