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.