MSD Partners Provides $167M Acquisition Loan For Hotel In Downtown Miami
100 Biscayne Boulevard, Miami, Florida 33132, United States
$90,000,000
$694/SF
Building Size
129,574 SF
Asset Type
Hotel
Closing
Jan 11, 2022
About this deal
AI
The property involved in this transaction is a hotel located at 100-146 Biscayne Blvd in Downtown Miami. The hotel has a total square footage of 129,574. The loan for this acquisition was provided by MSD Partners, represented by Adam Piekarski and Michael Dell. The loan amount is $167,000,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $167,000,000
- Address: 100-146 Biscayne Blvd, Downtown Miami
- Square Footage: 129,574
- Lender: MSD Partners - Adam Piekarski & Michael Dell
The property is owned by RFR Holdings, represented by Aby Rosen and Michael Fuchs. The brokers involved in this deal are Jordan Roeschlaub and Dustin Stolly from Newmark. The loan type for this transaction is acquisition.
Players
Miami Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93