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28 South Federal Highway, D...

Updated Oct 29, 2024

S3 Hospitality Miami Acquires Hotel In Dania Beach For $27.8M
SOLDHotel

S3 Hospitality Miami Acquires Hotel In Dania Beach For $27.8M

28 South Federal Highway, Dania Beach, FL, USA

$27,800,000

$296/SF

Building Size

93,822 SF

Asset Type

Hotel

Closing

Nov 3, 2019

About this deal

AI

The hotel located at 28 South Federal Highway in Dania Beach has been sold in a recent transaction. The property, with a total square footage of 93,822 and consisting of 143 units, was acquired by S3 Hospitality Miami for a price of $27,800,000. This amounts to a price per square foot of $296.3 and a price per unit of $194,000. The sale took place on November 4, 2019.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $27,800,000
  • Square Footage: 93,822
  • Units: 143
  • Price per Square Foot: $296.3
  • Price per Unit: $194,000

The sale was facilitated by the sellers, N&S Properties, represented by Nicholas Stankiewicz and Jesse Wood. The buyers, S3 Hospitality Miami, successfully acquired the property with the help of their broker representatives, Sunil Patel, Usha Patel from Kusa Hospitality, and Alvaro Correa. The deal was completed in the market of Dania Beach.

On the Map

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$27,800,000

$296/SF

Hotel

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Players

Sunil Patel

Broker

$27.8M

vol

1 deal

Broker
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Dania Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Deal FAQ

About $296 per square foot on a published $27.8M for 93,822 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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