Former Downtown Hotel Property Sold for $7.5 Million
Source: Sacramento Business Journal
Brokers: Ken Turton , Jon Lang
A recent downtown Sacramento real estate transaction could open the way to renovating a historic hotel and developing a new 95-unit residential project.
The long-shuttered former Mansion Inn at 1601 H St. sold for $5.15 million to Sacramento’s SKK Developments and The Grupe Co. of Stockton, according to a news release from brokerage Turton Commercial Real Estate.
SKK and Grupe also bought the former hotel’s 25,600-square-foot surface parking lot across 16th Street from the hotel property for $2.4 million, as part of the same transaction.