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.
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