Hot Deal: Boca Raton Guest Suites Bought In Bankruptcy
701 NW 53rd St., Boca Raton (Melanie Bell)
Address: 701 NW 53rd St., Boca Raton
Property type: Guest Suites of Boca Raton, a 177-room, 86,138-square-foot hotel built in 1989 on about 5 acres
Price: $9.25 million or about $52,260 per key
Seller: Maria M. Yip, bankruptcy trustee for SHUBH Hotels Boca LLC
Buyer: Boca Hotel Suites LLC, linked to Benjamin Mallah of Largo-based Equity Management Partners Inc.
Past sale: $7 million in April 2002
Law Offices of Joe Bornstein
5 Moulton St
The Mike Slocumb Law Firm
111 S. Calvert Street Suite 2700
Pasternack Tilker Ziegler Walsh Stanton & Romano L.L.P.
551 5th Avenue
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