Lake Mary company buys Best Western

BUYER: Perfect Hospitality LLC (principal: Dhimant Shah), Lake Mary

SELLER: Nakul LLC

PROPERTY: 2215 W. Cortez Road, Bradenton

PRICE: $2.9 million

PREVIOUS PRICE: $700,000, May 2006

LAW FIRM ON DEED: Wallack Law Firm, Sarasota

PLANS, DESCRIPTION: Perfect Hospitality LLC, a company led by Dhimant Shah of Lake Mary, purchased the 51-room Best Western Plus Manatee Hotel for $2.9 million.

The price equated to $56,863 per room.

Located behind a Cracker Barrel restaurant, the hotel features four suites and includes a laundromat, heated outdoor swimming pool, fitness facility, meeting room, business center and coffee shop. The three-story hotel was built in 2008.

Perfect Hospitality mortgaged the property to Central Bank for $1.97 million.