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Tishman Acquires Hotel In Orlando For $120.5M With Broker Paul Sexton

Property Image
SOLD
$120,500,000

Florida

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Hotel
Sold 03/28/2022
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Property Image
SOLD

Tishman Acquires Hotel In Orlando For $120.5M With Broker Paul Sexton

14651 Chelonia Parkway, Orlando, Florida 32821, United States

See Similar Deals
Hotel
Sold 03/28/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Sale

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.

Players

Paul Sexton
HREC Investment Advisors
Paul Sexton
2 deals$285.5M volume
BROKER
Tishman Speyer
Tishman Speyer
BROKERAGE
Tishman Speyer
Tishman Speyer
BUYER

Details

SOLD
IMAGE: Paul Sexton DATE: 03/28/2022 ADDRESS: 14651 Chelonia Parkway MARKET: Orlando ASSET TYPE: Hotel ~ ACRES: 7.33 BUYER: Tishman BROKER: Paul Sexton - Hospitality Real Estate Counselors (HREC) SALE PRICE: $120,500,000 KEYS: 400 ~ PPK: $301,250

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,426,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$428,111.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$571,231.48
Annual Debt Service$6,854,777.71