Sarasa Hotels Acquires Kissimmee Hotel From Rosemont Hotels Inc For $10.6M
2945 Entry Point Boulevard, Kissimmee, FL, USA
$10,600,000
$177/SF
Building Size
59,808 SF
Asset Type
Hotel
Closing
May 5, 2020
About this deal
AI
A hotel located at 2945 Entry Point Blvd in Kissimmee, Orlando has been sold in a transaction. The property was sold for $10,600,000 and consists of 113 keys. The price per key was calculated to be $93,805.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,600,000
- Address: 2945 Entry Point Blvd, Kissimmee, Orlando
- Market: Kissimmee, Orlando
- Keys: 113
- Price per Key: $93,805
The buyer of the hotel property is Sarasa Hotels, while the seller is Rosemont Hotels Inc. The transaction was facilitated by HVS Brokerage & Advisory, with Eric Guerrero representing the buyer in the deal.
Kissimmee 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93