GS Hotel Management Acquires Days Inn By Wyndham Miami International Airport In Doral For $17.7M
7250 Northwest 11th Street
$17,700,000
Building Size
—
Asset Type
Hotel
Closing
Dec 28, 2023
About this deal
AI
The Days Inn by Wyndham Miami International Airport in Doral has been sold for $17.7 million. The property is situated at 7250 Northwest 11th Street and spans 2.99 acres. This transaction includes a 103-room hotel and Beat Culture Brewery. The buyer is GS Hotel Management, a subsidiary of Global Vision Hotels, represented by Gautam Sharma. The seller is The Almar Hotel Corporation, owned by Barry & Allan Cohen. The deal was closed on December 28, 2023, and was partially financed by a $10.6 million mortgage from U.S. Century Bank.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $17,700,000
- Address: 7250 Northwest 11th Street
- Market: Doral
- Acres: 2.99
The buyer, GS Hotel Management, is a subsidiary of Global Vision Hotels. They were represented by Gautam Sharma. The seller, The Almar Hotel Corporation, is owned by Barry & Allan Cohen. The loan for this transaction was provided by U.S. Century Bank.
Players
Miami Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93