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5740 State Road 7

Updated Oct 13, 2026

Shoham Amin Of Excel Group Acquires Hampton Inn & Suites Coconut Creek For $17.28M From Seth Fellman And Malcolm Butters
SOLDHotel

Shoham Amin Of Excel Group Acquires Hampton Inn & Suites Coconut Creek For $17.28M From Seth Fellman And Malcolm Butters

5740 State Road 7

$17,280,000

$276/SF

Building Size

62,602 SF

Asset Type

Hotel

Closing

Jul 15, 2025

About this deal

AI

The property asset involved in the transaction is a hotel located at 5740 North State Road 7 in Coconut Creek, comprising 2.81 acres and a total square footage of 62,602. The hotel consists of 105 rooms and was sold for $17,280,000, leading to a price per key of $164,571 and a price per square foot of $276.

Summary of transaction details:

This transaction involved Shoham Amin representing Excel Group as the buyer acquiring the property from a joint venture between Seth Fellman and Malcolm Butters, signifying a collaboration between Morlin Group and Butters Construction & Development in the sale. The financial arrangement included a significant mortgage from Western Alliance Bank which also covered another hotel property.

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$17,280,000

$276/SF

Hotel

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Players

Shoham Amin

Excel Group

Buyer

1 deal

Buyer

Shoham Amin

Excel Group

Buyer

$38.5M

vol

2 deals

Buyer
Malcolm Butters

Malcolm Butters

Butters Construction & Development

Seller

$344.1M

vol

13 deals

Seller
Western Alliance Bank
Western Alliance BankLender
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Coconut Creek Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Deal FAQ

About $276 per square foot on a published $17.3M for 62,602 square feet (2025).

Visit Malcolm Butters to view all their deals.

Browse Coconut Creek hotel sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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