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Key International And Wexford Real Estate Investors Acquire Pompano Beach Hotel For $54M

Property Image
SOLD
$54,000,000
Ovy Anghel
Garrick Benabe
Miguel Pinto

Florida

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Hotel7,791 SF
Sold 12/02/2021
the dealplayerscompscontact
Property Image
SOLD

Key International And Wexford Real Estate Investors Acquire Pompano Beach Hotel For $54M

1200 North Ocean Boulevard, Pompano Beach, FL, USA

See Similar Deals
Hotel7,791 SF
Sold 12/02/2021
Ovy Anghel
Garrick Benabe
Miguel Pinto
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Hotel
Price Per Square Foot:$6,931
Total Square Footage:7,791 SF
Transaction Type:Sale

The sale of a hotel located at 1200 North Ocean Boulevard in Pompano Beach has been finalized. The property, situated in a prime location on Ocean Boulevard, was sold for a total price of $54,000,000.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $54,000,000
  • Address: 1200 North Ocean Boulevard, Pompano Beach
  • Market: Pompano Beach

The buyer of the hotel is Key International, represented by Inigo Ardid, Diego Ardid, and Wexford Real Estate Investors represented by Joseph Jacobs. On the other hand, the seller is Pan Am Equities and Big Move Properties, represented by Doug Levine.

The transaction was facilitated by Apex Capital Realty. Miguel Pinto, Garrick Benabe, and Ovy Anghel were the buyer's representatives, while Miguel Pinto and Garrick Benabe represented the seller.

With a total of 219 keys, this hotel offers a competitive price per key of $246,575.

Players

Miguel Pinto
APEX Capital Realty
Miguel Pinto
50 deals$330.5M volume
BROKER
Ovy Anghel
APEX Capital Realty
Ovy Anghel
5 deals$135.6M volume(305) 587-8828
BROKER
Garrick Benabe
APEX Capital Realty
Garrick Benabe
4 deals$62.5M volume
BROKER
PE
Pan Am Equities
SELLER
Big Move Properties
Big Move Properties
SELLER

Details

SOLD
IMAGE: Joseph Jacobs, Ovy Anghel, Diego Ardid, Miguel Pinto, Inigo Ardid & Garrick Benabe DATE: 12/02/2021 ADDRESS: 1200 North Ocean Boulevard MARKET: Pompano Beach ASSET TYPE: Hotel BUYER: Key International - Inigo & Diego Ardid & Wexford Real Estate Investors - Joseph Jacobs SELLER: Pan Am Equities & Big Move Properties - Doug Levine BUYER'S REP: Miguel Pinto, Garrick Benabe & Ovy Anghel - Apex Capital Realty SELLER'S REP: Miguel Pinto & Garrick Benabe - Apex Capital Realty SALE PRICE: $54,000,000 KEYS: 219 ~ PPK: $246,575

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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