SOLDHotel
Marc Eisenmann Acquires Hollywood,FL Hotel From Gil Shcolyar For $2.5M
315 Cleveland Street, Hollywood, Florida 33019, United States
$2,500,000
$567/SF
Building Size
4,409 SF
Asset Type
Hotel
Closing
Mar 17, 2022
AI
The hotel located at 315 Cleveland St in Hollywood, FL has been sold in a transaction that took place on March 18, 2022. The property spans across 4,409 square feet. The sale price for the hotel was $2,500,000, resulting in a price per square foot of $567.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $2,500,000
- Address: 315 Cleveland St
- Market: Hollywood, FL
- Size: 4,409 square feet
- Price per square foot: $567
Marc Eisenmann purchased the hotel from Gil Shcolyar.
Players
Hollywood 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93