Shivam Properties, a Jacksonville Beach, Florida-based hotel developer and operator, has purchased a hospitality property in South Lake Tahoe, California, for $24.4 million, or just about $148,780 per room. The hotel — dubbed Hotel Becket — was sold by a trio of investors, namely the New York-based Suncroft Capital; the Charlotte, North Carolina-headquartered Auerbach Funds; and the Denver-based MBP Capital.
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IN THIS ARTICLE
- Properties
- Hotel Becket, BW Signature Collection
4003 Lake Tahoe Blvd, South Lake Tahoe, CA
- Contacts
- Scott Fair
Managing Director, NAI Tahoe Sierra
- Tejal Patel
Project Development and Principal, Shivam Properties