Tishman Acquires Hotel In Orlando For $120.5M With Broker Paul Sexton
14651 Chelonia Parkway, Orlando, Florida 32821, United States
$120,500,000
Building Size
—
Asset Type
Hotel
Closing
Mar 27, 2022
About this deal
AI
The hotel property located at 14651 Chelonia Parkway in Orlando has been sold in a closed transaction. Spanning across 7.33 acres, this hotel asset was recently purchased by Tishman for a sale price of $120,500,000. The transaction took place on 03/28/2022. The property features a total of 400 keys and a price per key (PPK) of $301,250. The sale was facilitated by Paul Sexton from Hospitality Real Estate Counselors (HREC).
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $120,500,000
- Address: 14651 Chelonia Parkway, Orlando
- Market: Orlando
- Acres: 7.33
Leading the deal was Paul Sexton from Hospitality Real Estate Counselors (HREC), serving as the representative for Tishman. Their expertise in the hospitality industry contributed to the successful completion of this transaction.
On the Map
$120,500,000
Hotel
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Players
Orlando 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93