Fred Ramos Acquires Orlando Hotel For $2.1M With Legacy Plus Realty's Rep
6510 West Colonial Drive, Orlando, Florida 32818, United States
$2,100,000
$118/SF
Building Size
17,669 SF
Asset Type
Hotel
Closing
Dec 23, 2021
About this deal
AI
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.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93