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8250 Jamaican Court

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

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

8250 Jamaican Court

$37,660,000

Building Size

Asset Type

Hotel

Closing

Jun 18, 2024

AI

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

Hunter Hotel Advisors

Broker

$107.4M

vol

4 deals

Broker

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

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93