Shmuel Bonnardel's RORE Investment Group Acquires Hotel In Boynton Beach For $8.8M
2821 Federal Highway
$8,800,000
$241/SF
Building Size
36,511 SF
Asset Type
Hotel
Closing
Oct 9, 2022
About this deal
AI
The hotel located at 2821 S Federal Hwy in Boynton Beach, FL has been sold in a recent transaction. The property spans a total area of 36,511 square feet, with a sale price of $8,800,000. This equates to a price per square foot of $241. The hotel consists of 104 rooms, resulting in a price per key of $84,615.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,800,000
- Address: 2821 S Federal Hwy, Boynton Beach, FL
- Market: Boynton Beach, FL
- Buyer: Shmuel Bonnardel - RORE Investment Group
- Seller: Kirit Shah
- Total Square Feet: 36,511
- Price per Square Foot: $241
- Number of Keys: 104
- Price per Key: $84,615
Shmuel Bonnardel, representing RORE Investment Group, acted as the buyer in this transaction. The seller was Kirit Shah. If you have any property deals, you can contact Shmuel Bonnardel at [email protected] or (904) 310-0065.
Note: RORE Investment Group is actively looking for property acquisitions.
On the Map
$8,800,000
$241/SF
Hotel
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Players
Boynton Beach 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93