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1150 Federal Highway

Dinesh Paliwal Acquires Hotel In Dania Beach For $2.3M
SOLDHotel

Dinesh Paliwal Acquires Hotel In Dania Beach For $2.3M

1150 Federal Highway

$2,300,000

$384/SF

Building Size

5,977 SF

Asset Type

Hotel

Closing

Nov 28, 2023

AI

The property involved in this closed transaction is a hotel located at 1150 Federal Highway in Dania Beach. The property spans a total square footage of 5,977 and was sold for a price of $2,300,000, resulting in a price per square foot of $385.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $2,300,000
  • Address: 1150 Federal Highway
  • Market: Dania Beach

The buyer of this hotel is Dinesh Paliwal, while Tee Jay Of Dania acted as the seller. The buyer was represented by Garrick Benabe and Fabian Mahecha from APEX Capital Realty. On the other hand, Jenni Fontana, also from APEX Capital Realty, represented the seller.

Overall, this closed transaction highlights the successful sale of a hotel in Dania Beach. With a total area of 5,977 square feet and a sale price of $2,300,000, this deal showcases the strong demand for hotel properties in the area.

Players

Garrick Benabe

APEX Capital Realty

Broker

$62.5M

vol

4 deals

Broker

Dinesh Paliwal

Buyer

$7.8M

vol

3 deals

Buyer

Dania 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93