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
About this deal
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.
On the Map
$8,900,000
$149/SF
Hotel
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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