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8148 International Drive

The Kobe Japanese Steakhouse Acquires Mai Hana Hotel International Drive In Orlando For $14.5M
SOLDHotel

The Kobe Japanese Steakhouse Acquires Mai Hana Hotel International Drive In Orlando For $14.5M

8148 International Drive

$14,500,000

Building Size

Asset Type

Hotel

Closing

Dec 8, 2023

AI

The former Best Western located at 8148 International Drive in Orlando has been sold for $14.5 million to the Kobe Japanese Steakhouse chain owner, Chau Nguyen. The property has been renamed as Mai Hana Hotel International Drive. Covering an area of 2 acres, the hotel is strategically situated near the upcoming Universal Orlando Resort’s Epic Universe project, making it an attractive investment for the Kobe group.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $14,500,000
  • Address: 8148 International Drive
  • Market: Orlando
  • Acres: 2

Chau Nguyen, representing The Kobe Japanese Steakhouse, played a significant role in this deal. Additionally, Delaney Hospitality partnered with the Kobe group for this property acquisition. With this purchase, the Kobe group now holds over three acres of land in close proximity to the upcoming Universal Orlando Resort’s Epic Universe project.

Players

Chau Nguyen

Buyer

$17.6M

vol

2 deals

Buyer

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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93