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
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