Leo Reilly & Robert Hunter Sell Daytona Beach Hotel For $14M
1398 North Atlantic Avenue, Daytona Beach, Florida 32118, United States
$14,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 2, 2022
AI
1398 N. Atlantic Ave, Daytona Beach: A hotel property located at this address recently changed hands in a sale transaction. The deal was facilitated by brokers Leo Reilly and Robert Hunter from Marcus & Millichap. The property was sold for a price of $14,000,000. The hotel comprises 94 keys, and the price per key was $148,936.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $14,000,000
- Address: 1398 N. Atlantic Ave, Daytona Beach
- Brokers: Leo Reilly & Robert Hunter - Marcus & Millichap
- Total Keys: 94
- Price Per Key: $148,936
This transaction highlights the successful collaboration between brokers Leo Reilly and Robert Hunter from Marcus & Millichap, who played a crucial role in facilitating the sale of the hotel property located at 1398 N. Atlantic Ave, Daytona Beach. Their expertise and dedication contributed to the successful completion of the deal.
Players
Daytona Beach 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93