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5859 American Way, Orlando,...

Pedro Marrero Acquires 192-Key Orlando Hotel For $19.75M With Ahmed Kabani & Luis Garino - Marcus & Millichap
SOLDHotel

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

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

Ahmed Kabani

Kabani Hotel Group

Broker

$346.8M

vol

31 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
Rafael Hernandez

Rafael Hernandez

Seller

$38M

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

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93