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
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