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
About this deal
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.
The hotel loan at 77593 Gathering Drive, Kissimmee, Florida 34747, United States in Reunion, Florida financed for $42M in 2022. The building is 871,200 square feet, implying about 48 per square foot on the published price. Named participants on the 77593 Gathering Drive, Kissimmee, Florida 34747, United States loan are Peter Stobierski, Dan Gorczycki. This page is the Reunion, Florida file for the 77593 Gathering Drive, Kissimmee, Florida 34747, United States hotel financed: pricing, party profiles, and other closed hotel comps from the same Reunion sit in the Market section below. Filter that Reunion hotel set by closing date to see what else financed near 77593 Gathering Drive, Kissimmee, Florida 34747, United States around 2022. Published consideration for 77593 Gathering Drive, Kissimmee, Florida 34747, United States is $42M, dated 2022. Cite this Kingwood International Resorts Refinances Kissimmee Hotel For $42M loan when underwriting similar hotel product around Reunion, Florida.
Players
Reunion Hotel Market Snapshot
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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