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4690 Salisbury Road

Shmuel Bonnardel's RORE Investment Group Acquires Hotel In Jacksonville, FL For $7.1M
SOLDHotel

Shmuel Bonnardel's RORE Investment Group Acquires Hotel In Jacksonville, FL For $7.1M

4690 Salisbury Road

$7,100,000

$123/SF

Building Size

57,629 SF

Asset Type

Hotel

Closing

Aug 1, 2022

AI

Shmuel Bonnardel of RORE Investment Group has recently acquired a hotel property located at 4690 Salisbury Rd in Jacksonville, FL. The transaction, which took place on August 1, 2022, involved a purchase price of $7,100,000. The hotel spans a total area of 57,629 square feet, resulting in a price per square foot of $123. Additionally, the property comprises 118 keys, with a price per key of $60,169.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $7,100,000
  • Address: 4690 Salisbury Rd, Jacksonville, FL
  • Square Footage: 57,629
  • Price per Square Foot: $123
  • Number of Keys: 118
  • Price per Key: $60,169

Shmuel Bonnardel, representing RORE Investment Group, served as the buyer in this transaction. As an active investor, RORE Investment Group is actively seeking additional opportunities. For further inquiries or to submit potential deals, interested parties can reach out to Shmuel Bonnardel via email at [email protected] or by phone at (904) 310-0065.

Players

Samuel Bonnardel

RORE Investment Group

Buyer

$64.2M

vol

8 deals

Buyer

Jacksonville 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

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93