Kirill Vesselov Acquires Hotel In Boca Raton For $8,850,000 With Buyer's Rep Billy A. Cunningham III
1801 North Federal Highway
$8,850,000
$373/SF
Building Size
23,694 SF
Asset Type
Hotel
Closing
Apr 21, 2026
About this deal
AI
The property asset involved in this transaction is a hotel located at 1801 North Federal Highway in Boca Raton. The sale price of the hotel was $8,850,000, and it encompasses a total square footage of 23,694. The price per square foot is calculated at $373.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $8,850,000
- Address: 1801 North Federal Highway
- Market: Boca Raton
- Square Footage: 23,694
- Price per Square Foot: $373
- Buyer: Kirill Vesselov
- Seller: Ramjit Singh & Tarsem Kaur
- Buyer's Representative: Billy A. Cunningham III - The Starboard Group - Coldwell Banker
The transaction involved key individuals including the buyer Kirill Vesselov and the sellers Ramjit Singh and Tarsem Kaur. Billy A. Cunningham III, representing the buyer, is associated with The Starboard Group under Coldwell Banker, facilitating the buying process in this hotel acquisition.
Boca Raton Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Visit William (Billy) A. Cunningham III to view all their deals.
Browse Boca Raton hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.79%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93