Delray Beach investor buys Holiday Inn Express Sarasota East

By Business Observer Staff
| 7:41 a.m. July 12, 2013
| 0 Free Articles Remaining!

Manatee-Sarasota

BUYER: Boulder Hotel-FLA LLC (principal: Malcolm Berman), Delray Beach
SELLER: CIS Sarasota LLC
PROPERTY: 5730 Gantt Road, Sarasota
PRICE: $9 million
PREVIOUS PRICE: $7.28 million, July 2011
LAW FIRM ON DEED: GrayRobinson PA, Tampa

PLANS, DESCRIPTION: Boulder Hotel-FLA LLC, a Delray Beach-based acquisition entity led by Malcolm Berman, purchased the 101-unit Holiday Inn Express Sarasota East-I-75 for $9 million.

The price equated to $89,109 per unit.