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Leo Capital Buys Embassy Suites Orlando Hotel On Jamaican Court For $37.66M

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SOLD
$37,660,000

Florida

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Hotel
Sold 06/18/2024
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SOLD

Leo Capital Buys Embassy Suites Orlando Hotel On Jamaican Court For $37.66M

8250 Jamaican Court

See Similar Deals
Hotel
Sold 06/18/2024
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Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Sale

The Embassy Suites Orlando International Drive ICON Park, located at 8250 Jamaican Court in Orlando, was sold for $37,660,000. The hotel consists of 246 keys and features a revenue per available room (PPK) of $153,089. Positioned near major theme parks, convention centers, and healthcare facilities, the property is strategically situated to benefit from Orlando's bustling tourism and business traffic.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $37,660,000
  • Address: 8250 Jamaican Court - Embassy Suites Orlando International Drive ICON Park
  • Market: Orlando
  • Buyer: David Li - Leo Capital
  • Brokers: Robert Taylor & Sophia Pittaluga - Hunter Hotel Advisors

Leo Capital, represented by David Li, has successfully acquired the Embassy Suites Orlando International Drive ICON Park in Orlando. The deal was facilitated by brokers Robert Taylor and Sophia Pittaluga from Hunter Hotel Advisors. Managed by Crestline Hotels & Resorts, the hotel's prime location near key attractions positions it as a lucrative investment opportunity in the vibrant tourism hub of Orlando.

Players

Sophia Pittaluga
4 deals$107.4M volume
BROKER

Robert Taylor
Hunter Hotel Advisors
4 deals$107.4M volume(305) 479-1301
BROKER

Details

SOLD
IMAGE: Sophia Pittaluga & Robert Taylor DATE: 06/18/2024 ADDRESS: 8250 Jamaican Court - Embassy Suites Orlando International Drive ICON Park MARKET: Orlando ASSET TYPE: Hotel BUYER: David Li - Leo Capital BROKERS: Robert Taylor & Sophia Pittaluga (@SophiaPittaluga) - Hunter Hotel Advisors (@HunterHotelAdvisors) SALE PRICE: $37,660,000 KEYS: 246 ~ PPK: $153,089 NOTE: Leo Capital has acquired the Embassy Suites Orlando International Drive ICON Park, a prominent hotel in Orlando's tourism hub, with terms undisclosed. Managed by Crestline Hotels & Resorts, the hotel benefits from its strategic location near major theme parks, convention centers, and healthcare facilities, positioning it well to capitalize on Orlando's robust visitor and business traffic.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,008,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$133,798.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$178,527.61
Annual Debt Service$2,142,331.36