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Auction of Midtown site to yield $10.2M sale


Property had been eyed for Comfort Inn & Suites since 2016
A court-ordered auction has resulted in the collective $22 million sale of a Murfreesboro Pike hotel and eight contiguous Midtown lots on a segment of which a Comfort Inn & Suites hotel had been planned.
The hotel, which sits on 4.4 acres and operates as a Best Western, sold for $11.8 million. In addition, the 1.27-acre Midtown lots are under contract for $10.2 million, according to a release.
The court-ordered auction which arose from the dissolution of a business partnership between Neil Patel of Cookeville-based Image Hotel Management and Sanjay Patel of Nashville-based Hira Laxmi Investment was managed by Hendersonville-based Real Look, which specializes in government- and bank-owned properties and judicially-mandated property sales. ....

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