Befeler Group Acquires Port Saint Lucie Hotel For $8.9M
1601 NW Courtyard Cir, Port Saint Lucie, FL, USA
$8,900,000
$149/SF
Building Size
59,680 SF
Asset Type
Hotel
Closing
Aug 31, 2021
AI
An ACRES Hotel located at 1601 NW Courtyard Cir in Port Saint Lucie has been sold for $8,900,000. The property encompasses 2 acres and features 93 keys. The sale was finalized on August 31, 2021.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,900,000
- Address: 1601 NW Courtyard Cir
- Market: Port Saint Lucie
- ACRES: 2
The buyer of the hotel is the Befeler Group, represented by George Befeler. The purchase price of $8,900,000 translates to a price per key of $95,699.
Port Saint Lucie 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93