Pedro Marrero Acquires 192-Key Orlando Hotel For $19.75M With Ahmed Kabani & Luis Garino - Marcus & Millichap
5859 American Way, Orlando, Florida 32819, United States
$19,750,000
$297/SF
Building Size
66,297 SF
Asset Type
Hotel
Closing
May 19, 2022
AI
The property involved in this transaction is a hotel located at 5859 American Way in Orlando. It consists of 192 keys and spans a total of 66,297 square feet. The sale took place on May 20, 2022, with a sale price of $19,750,000. This transaction represents the highest exterior corridor price per door sale in the history of the Orlando Market.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $19,750,000
- Address: 5859 American Way
- Market: Orlando
- Keys: 192
- Brokers: Ahmed Kabani & Luis Garino - Marcus & Millichap
Ahmed Kabani and Luis Garino, representing Marcus & Millichap, facilitated the deal as brokers. They can be contacted at [email protected] and [email protected] respectively. For any inquiries about the property, Ahmed Kabani can be reached at 786-522-7023 and Luis Garino at 786-522-7124.
Players
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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93