Grupo Sion Acquires Kissimmee Hotel With $10M Acquisition Loan From LV Lending
2261 West Irlo Bronson Memorial Highway
$10,000,000
$25/SF
Building Size
390,300 SF
Asset Type
Hotel
Closing
Apr 21, 2023
About this deal
AI
Located at 2261 Irlo Bronson Memorial Highway in Kissimmee, this hotel property spans 390,300 square feet. The transaction, which took place on April 21, 2023, involved an Acquisition Loan for a loan amount of $10,000,000. The lender, LV Lending represented by Camilo Nino, Ricardo Uribe, and Alen Hernandez, facilitated the loan. Grupo Sion served as the landlord in this transaction.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $10,000,000
- Lender: LV Lending - Camilo Nino, Ricardo Uribe, Alen Hernandez
- Landlord: Grupo Sion
The Acquisition Loan for this hotel property was arranged by LV Lending, with Camilo Nino, Ricardo Uribe, and Alen Hernandez serving as the representatives of the lender. The transaction demonstrates the investment potential in Kissimmee's hotel market.
Players
Market Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93