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
Orlando Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
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