SOLDHotel
Manatee Hotel LLC Acquires Hotel In Tampa For $67.5M
725 S Harbour Island Blvd, Tampa, FL, USA
$67,500,000
$274/SF
Building Size
245,508 SF
Asset Type
Hotel
Closing
Aug 31, 2021
About this deal
AI
The hotel located at 725 S Harbour Island Blvd in Tampa has been sold for a total price of $67,500,000. The property has a total square footage of 245,508, with a price per square foot of $275.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $67,500,000
- Square Footage: 245,508
- Price per Square Foot: $275
- Address: 725 S Harbour Island Blvd, Tampa
- Market: Tampa
The buyer of the hotel is Manatee Hotel LLC, a Delaware Limited Liability Company. The seller of the property is Karla J. Ramirez.
Players
Tampa 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93