Leon Gables Of Lion Gables Realty Acquires 25 Acre Hotel In Weston For $50M
250 Racquet Club Road
$50,000,000
Building Size
—
Asset Type
Hotel
Closing
Apr 27, 2022
AI
The property asset involved in this transaction is a hotel located at 250 Racquet Club Rd in Weston. The hotel occupies approximately 25 acres of land. The sale of this property took place on April 28, 2022.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $50,000,000
- Date: 04/28/2022
- Address: 250 Racquet Club Rd
- Market: Weston
- Acres: 25
The buyer in this transaction is Leon Gables, representing Lion Gables Realty. The seller is Joe Chetrit from The Chetrit Group. Moshe Averbuch served as the seller's representative from Pleasant Realty Inc.
Additional information related to this transaction includes the total number of keys being 504, and the price per key (PPK) amounting to $99,206.
Players
Weston 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93