Elvis Mons Acquires Hotel In Doral For $16 Million With Representative Daniel A. Lopez
3959 Northwest 79th Avenue
$16,000,000
$321/SF
Building Size
49,700 SF
Asset Type
Hotel
Closing
May 21, 2026
AI
The asset involved in the transaction is a hotel located at 3959 Northwest 79th Avenue in Doral. The sale price for the property was $16,000,000. It comprises a total of 49,700 square feet and features 135 keys, resulting in a price per key of $118,518 and a price per square foot of $321.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $16,000,000
- Address: 3959 Northwest 79th Avenue
- Market: Doral
- Asset Size: 49,700 SF
- Number of Keys: 135
- Price per Key: $118,518
- Price per SF: $321
- Buyer: Elvis Mons
- Seller: Michel Ciniglio
- Buyer's Representatives: Daniel A. Lopez - The Lab Realty Group; Abiel Ballesteros - United Dream Real Estate
The individuals key to this transaction include Elvis Mons as the buyer and Michel Ciniglio as the seller. Representing the buyer are Daniel A. Lopez from The Lab Realty Group and Abiel Ballesteros from United Dream Real Estate.
Players
Doral 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93