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5703 Oakley Boulevard, Wesl...

QDI 3, LLC Acquires Hotel In Wesley Chapel For $8.82M From Seller NARD, Inc
SOLDHotel

QDI 3, LLC Acquires Hotel In Wesley Chapel For $8.82M From Seller NARD, Inc

5703 Oakley Boulevard, Wesley Chapel, Florida 33544, United States

$8,825,000

Building Size

Asset Type

Hotel

Closing

Jun 28, 2022

AI

A hotel located at 5703 Oakley Blvd in Wesley Chapel has been sold for a price of $8,825,000. The property, represented by Dennis S. Hopper of DSH Hotel Advisors, was purchased by QDI 3, LLC from the seller NARD, Inc. The transaction took place on June 29, 2022. The hotel comprises a total of 77 keys, with a price per key of $114,610.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $8,825,000
  • Address: 5703 Oakley Blvd, Wesley Chapel
  • Market: Wesley Chapel
  • Buyer: QDI 3, LLC
  • Seller: NARD, Inc.
  • Broker: Dennis S. Hopper - DSH Hotel Advisors

The sale of the hotel was finalized on June 29, 2022. Dennis S. Hopper, representing DSH Hotel Advisors, played a key role in facilitating the transaction between QDI 3, LLC and NARD, Inc.

Players

Dennis Hopper

DSH Hotel Advisors

Broker

$66M

vol

9 deals

Broker

Wesley Chapel 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

1.80%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93