GLENWOOD, MD—MBA Hotel Brokers, Inc. has closed on the sale of the Best Western Grove City in Grove City, PA, at a final sale price of $4.4 million. Charlie Fritsch, president of MBA Hotel Brokers, represented the seller, S. Bina Inc. Suresh Patel, associate broker with MBA Hotel Brokers procured the buyer, Mahashakti Corporation.
The Best Western Grove City, built in 1998 and located at 1924 Leesburg Grove City Rd., is a two-story, 60-key interior corridor property. Amenities include a heated indoor pool, fitness room and business center.
“I have had a longstanding relationship with the seller and enjoyed working together again,” said Fritsch. “I am pleased that MBA could structure a win-win transaction for the seller and buyer.”
“My long-term relationship with the buyer was helpful, as we both understood each other so well,” said Patel. “We worked very closely throughout the process to address any issues that came up along the way. I enjoyed working on this sale as all parties involved have mutual trust and respect for each other.”