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Nella Invest Pays $59M for 11-Story Hotel Melby in Melbourne
Nella Invest, LLC, has acquired Hotel Melby, Tapestry Collection by Hilton, in Melbourne, FL for $59 million ($327,778 per key).
Christian Charre, Paul Weimer, Jennifer Jin, and Andrew Pastorino with CBRE represented the seller, a joint venture between Opterra Capital, Willow Street Capital, Duke Hospitality and the LCP Group, in the transaction.
The new 180-key hotel opened in April 2021. The 11-story building features a 360-degree-view rooftop restaurant and bar, a coffee bistro, a fitness center, over 12,000 square feet of flex meeting space and a parking garage.
“As the newest property in a prime location, the Melby is exceptionally well-positioned to become the top performing asset in the market. Located in the heart of downtown Melbourne, the property is the only hotel in the market walking distance to entertainment, dining, and shopping,” said Charre.
- ◦Sale/Acquisition
