ESG Kullen Acquires Hotel In Ruskin From Carter Hospitality Group
536 Bahia Beach Blvd, Ruskin, FL, USA
$22,000,000
$47,619/SF
Building Size
462 SF
Asset Type
Hotel
Closing
May 21, 2020
AI
536 Bahia Beach Blvd., located in Ruskin, was recently sold in a transaction. The property, a hotel in the market, was purchased by ESG Kullen from the seller, Carter Hospitality Group. The deal was facilitated by Sean Shahar A. Ziv, a broker representing the buyer, and the GLT Group Brokerage.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $22,000,000
- Units: 158
- Price Per Unit (PPU): $139,240
Sean Shahar A. Ziv, from GLT Group Brokerage, played a crucial role as the broker representing the buyer, ESG Kullen. This successful transaction showcases the expertise and professionalism of the parties involved in the deal.
Players
Ruskin 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93