Kingwood International Resorts Refinances Kissimmee Hotel For $42M
77593 Gathering Drive, Kissimmee, Florida 34747, United States
$42,000,000
$48/SF
Building Size
871,200 SF
Asset Type
Hotel
Closing
Jan 31, 2022
AI
The property involved in this transaction is a hotel located at 77593 Gathering Drive in Kissimmee. The hotel has a total area of 871,200 square feet. The transaction took place on 02/01/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $42,000,000
- Address: 77593 Gathering Drive
- Market: Kissimmee
- Loan Type: Refinance
The landlord of the property is Kingwood International Resorts. The brokers involved in the transaction are Dan Gorczycki and Peter Stobierski from TrueRate Services.
Players
Reunion 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93