Sacramento Hotel Purchased for $16MM as Part of Hotel-to-Multifamily Conversion

(EDITOR’S NOTE: According to public records, the asset was sold in August of 2021 for $16 million, or about $121,212 per room. The seller was Manas Hospitality, LLC, which is affiliated with San Diego-based Kalthia Group Hotels. The buyer, MVC MF LLC, is an entity affiliated with Josh Wertlieb of Arizona-based Harc Holdings. As part […]