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5858 International Drive, O...

Samuel Bonnardel And Rueben Zulauf Acquire Hotel In Orlando For $16 Million From Hassan Ladha
SOLDHotel

Samuel Bonnardel And Rueben Zulauf Acquire Hotel In Orlando For $16 Million From Hassan Ladha

5858 International Drive, Orlando, Florida 32819, United States

$16,000,000

$90/SF

Building Size

177,632 SF

Asset Type

Hotel

Closing

Mar 30, 2022

AI

The asset involved in this transaction is a hotel located at 5858 International Dr, Orlando. The sale was executed for a total price of $16,000,000, encompassing 264 keys. The property has a total square footage of 177,632, resulting in a price per key of $60,606 and a price per square foot of $90.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $16,000,000
  • Buyer: Samuel Bonnardel & Rueben Zulauf
  • Seller: Hassan Ladha
  • Brokers: Ahmed Kabani, Suraj Dalal, Luis Garino & Jonathan De La Rosa - Kabani Hotel Group - Marcus & Millichap

The transaction featured key individuals including brokers Ahmed Kabani, Suraj Dalal, Luis Garino, and Jonathan De La Rosa, all representing the Kabani Hotel Group in cooperation with Marcus & Millichap. Their involvement highlights the collaborative effort behind this property deal.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker
JV Capital Group
JV Capital GroupBrokerage
Samuel Bonnardel

Samuel Bonnardel

RORE Investment Group

Buyer

$64.2M

vol

8 deals

Buyer
Hassan Ladha

Hassan Ladha

Seller

$35M

vol

5 deals

Seller

Orlando 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93