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536 Bahia Beach Blvd, Ruski...

ESG Kullen Acquires Hotel In Ruskin From Carter Hospitality Group
SOLDHotel

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

Sean Shahar Ziv

Broker

$71.6M

vol

4 deals

Broker
EK
ESG KullenBuyer

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