Onyx Hospitality Acquires Comfort Suites Miami-Kendall Hotel For $16M
3901 Southwest 117th Avenue Miami, Florida 33175, USA
$16,000,000
$215/SF
Building Size
74,305 SF
Asset Type
Hotel
Closing
Jul 11, 2023
About this deal
AI
The Comfort Suites Miami-Kendall, located at 3901 Southwest 117th Avenue in Kendall, has been sold for $16 million. The 132-room hotel sits on a 2.3-acre property and offers amenities such as a pool and fitness center. The sale price equates to a price per key of $121,212 and a price per square foot of $215. The transaction took place on July 11, 2023.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $16,000,000
- Address: 3901 Southwest 117th Avenue, Kendall
- Market: Kendall
- Acreage: 2.3
Onyx Hospitality, represented by Sameet Patel, acquired the Comfort Suites Miami-Kendall from the Litowitz Group, represented by Budd W. Litowitz. The lender for the transaction was Sungold. The hotel features a total of 74,305 square feet and includes 132 keys.
Miami Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93