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
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