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3029 Alhambra Street, Fort ...

Dynamic City Capital Acquires Fort Lauderdale Hotel From Key International & Westford Real Estate Investors
SOLDHotel

Dynamic City Capital Acquires Fort Lauderdale Hotel From Key International & Westford Real Estate Investors

3029 Alhambra Street, Fort Lauderdale, Florida 33304, United States

$74,300,000

Building Size

Asset Type

Hotel

Closing

Feb 22, 2022

AI

Located at 3029 Alhambra St in Fort Lauderdale, this hotel property was recently sold in a closed transaction. The deal was facilitated by Nick Plasencia from Plasencia Group, representing both the buyer, Dynamic City Capital, and the seller, Key International & Westford Real Estate Investors. The sale price for this hotel property was $74,300,000.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $74,300,000
  • Address: 3029 Alhambra St
  • Market: Fort Lauderdale

The transaction involved a total of 171 keys, with a price per key of approximately $434,503. No additional information is available regarding the specifics of the hotel, such as its square footage or any notable features.

Players

Nick Plasencia

The Plasencia Group

Broker

$189.3M

vol

2 deals

Broker
DC
Dynamic City CapitalBuyer
KI
Key InternationalSeller

Fort Lauderdale 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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93