Sheraton Jacksonville Hotel sold for $24.3 million

The property was developed in 2008 and last sold for $15.8 million in 2015.

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  • | 12:55 p.m. November 9, 2018
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The Sheraton Jacksonville Hotel in Southside was sold Tuesday for $24.3 million.

Peachtree Hotel Group, through PHG-AREP III Jacksonville LLC, sold the property, at 10605 Deerwood Park Blvd., to RockBridge Capital, through RBHV Jacksonville LLC.

Seacoast National Bank issued a $20 million mortgage to RBHV Jacksonville LLC.

The six-story full-service hotel was developed in 2008 on 3.7 acres. Property records show it has 159 rooms.

Its Bold City Grill restaurant serves breakfast, lunch and dinner. Bold City also has a bar and lounge.

The property is assessed at $11.7 million for tax purposes.

It last sold for $15.8 million in 2015.