BUYER: GSNP Florida LLC (Nilesh and Ghanshyam Patel), Tampa
SELLER: Orix Capital Markets LLC as special servicer for Wells Fargo Bank NA as trustee for the Holders of Banc of America Commercial Mortgage Inc. Commercial Mortgage Pass Through Certificates Series 2005-4
PROPERTY: 17301 Dona Michelle Drive, Tampa
PRICE: $3.08 million
PREVIOUS PRICE: $125,000, September 1998
LAW FIRM ON DEED: Scheef & Stone LLP, Dallas
PLANS, DESCRIPTION: Local hoteliers Nilesh and Ghanshyam Patel purchased the 84-room Wingate by Wyndham New Tampa hotel for $3.08 million.
The price equated to $36,607 per unit.
The four-floor hotel, which has since been rebranded as the La Quinta Inn & Suites Tampa North I-75, features an outdoor swimming pool, fitness center and meeting facilities.
The Patels also own the Howard Johnson Express Inn & Suites - South Tampa/Airport. Calls left at the hotel for the new owners were not returned prior to deadline.
The purchase entity GSNP Florida LLC mortgaged the property to Central Bank for $2.93 million.