Fred Ramos Acquires Orlando Hotel For $2.1M With Legacy Plus Realty's Rep
SOLD
$2,100,000
Florida
See Similar DealsHotel17,669 SF
Sold 12/23/2021
SOLD
Fred Ramos Acquires Orlando Hotel For $2.1M With Legacy Plus Realty's Rep
6510 West Colonial Drive, Orlando, Florida 32818, United States
See Similar DealsHotel17,669 SF
Sold 12/23/2021
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$118
Total Square Footage:17,669 SF
Transaction Type:Sale
A hotel located at 6510 W Colonial Dr in Orlando has been sold for $2,100,000. The property spans 17,669 square feet and has a price per square foot of $119. It comprises 42 keys, with a price per key of $50,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $2,100,000
- Date: 12/23/2021
- Address: 6510 W Colonial Dr
- Market: Orlando
Fred Ramos has acquired the hotel. The deal was facilitated by brokers Roberta Morelati and Flavia Fernandes from Legacy Plus Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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