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
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