Vision Hospitality Group Acquires Hotel In Kissimmee, FL For $19.4M
700 Bloom St. Kissimmee, FL 34747, USA
$19,400,000
Building Size
—
Asset Type
Hotel
Closing
Oct 23, 2022
About this deal
AI
A hotel in Kissimmee, FL has been sold for $19,400,000. The property, located at 700 Bloom St, was purchased by Vision Hospitality Group, represented by Mitch Patel, from Xenia Hotels & Resorts.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $19,400,000
- Date: 10/24/2022
- Asset Type: Hotel
- Market: Kissimmee, FL
- Buyer: Vision Hospitality Group - Mitch Patel
- Seller: Xenia Hotels & Resorts
- Keys: 115
- Price per Key: $168,696
Mitch Patel, from Vision Hospitality Group, represented the buyer in this transaction, while Xenia Hotels & Resorts represented the seller. The sale of this hotel marks a significant milestone in the hospitality industry.
Players
Kissimmee 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
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93