Ricardo Ratia Acquires Hotel In Doral From Alex Nahabetian For $23M
SOLD
$23,000,000
Florida
See Similar DealsHotel73,232 SF
Sold 10/21/2025
SOLD
Ricardo Ratia Acquires Hotel In Doral From Alex Nahabetian For $23M
1212 Northwest 82nd Avenue
See Similar DealsHotel73,232 SF
Sold 10/21/2025
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$314
Total Square Footage:73,232 SF
Transaction Type:Sale
The asset involved in this transaction is a hotel located at 1212 Northwest 82nd Avenue in Doral. The sale price of the property was $23,000,000, with a total square footage of 73,232 and a price per square foot of $314. The property features 112 keys and a price per key of $205,357.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $23,000,000
- Address: 1212 Northwest 82nd Avenue
- Market: Doral
- Square Footage: 73,232
- Price per Square Foot: $314
- Keys: 112
- Price per Key: $205,357
- Buyer: Ricardo Ratia
- Seller: Alex Nahabetian
- Broker: Alessandra Bavetta - RelatedISG International Realty
This transaction involved Ricardo Ratia as the buyer and Alex Nahabetian as the seller, with the deal facilitated by broker Alessandra Bavetta from RelatedISG International Realty, representing the interests of the seller in the sale of the hotel property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,226,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81
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