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Press
January 14, 2008
The Silver Group completes the Sale of an Un-Subordinated Ground Lease for Comfort Inn in Gainesville, Florida
The Silver Group has sold the un-subordinated ground lease under a Comfort Inn located in Gainesville, Florida for $4,160,000. The property consisted of a 2 acre parcel of land under an 83 room limited service hotel. The Leasehold value was in excess of $6 million. The Silver Group represented buyer and seller in the transaction. The European investor was drawn to the 99 year lease term and the security of the investment.
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