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3959 Northwest 79th Avenue

Elvis Mons Acquires Hotel In Doral For $16 Million With Representative Daniel A. Lopez
SOLDHotel

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

Daniel A. Lopez

The Lab Realty Group

Broker

$68.6M

vol

7 deals

Broker

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