Raviv Capital Acquires Hotel In Fort Lauderdale For $10.5M
539 North Birch Road, Fort Lauderdale, Florida 33304, United States
$10,500,000
$487/SF
Building Size
21,543 SF
Asset Type
Hotel
Closing
May 26, 2022
About this deal
AI
A hotel located at 539 North Birch Road in Fort Lauderdale has been sold for $10,500,000. The transaction took place on May 27, 2022. The hotel consists of 33 keys, with a price per key of $318,182.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,500,000
- Address: 539 North Birch Road, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the hotel is Lior Raviv, representing Raviv Capital. The seller is Casey Karl Koslowski, who was represented by CKK Real Estate.
On the Map
$10,500,000
$487/SF
Hotel
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Players
Fort Lauderdale 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93