Kabani Hotel Group Acquires Hotel In Orlando For $6.3M
1850 Landstreet Road, Orlando, Florida 32824, United States
$6,288,375
$59/SF
Building Size
105,673 SF
Asset Type
Hotel
Closing
Feb 16, 2022
AI
The property involved in this transaction is a hotel located at 1850 W Landstreet Road in Orlando. The sale of this hotel was facilitated by brokers Ahmed Kabani and Luis Garino from Kabani Hotel Group - Marcus & Millichap. The transaction took place on February 17, 2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $6,288,375
- Address: 1850 W Landstreet Road
- Market: Orlando
- Keys: 125
- Price Per Key (PPK): $50,307
Ahmed Kabani and Luis Garino, representing Kabani Hotel Group - Marcus & Millichap, played a crucial role in the successful completion of this sale. The hotel features 125 keys and was sold for a total of $6,288,375, resulting in a price per key of $50,307.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93