Marcus & Millichap Brokers $13.5M Sale Of Holiday Inn Melbourne Viera In Florida
8298 North Wickham Road
$13,500,000
Building Size
—
Asset Type
Hotel
Closing
Mar 6, 2025
About this deal
AI
The 128-room Holiday Inn Melbourne Viera, located at 8298 North Wickham Road in Melbourne, Florida, was sold for $13,500,000. This hotel property has a per key price of $105,469.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $13,500,000
- Market: Melbourne
- Asset Key Count: 128
- Price Per Key: $105,469
Robert Hunter and Leo Reilly, representing the seller, were the brokers involved in this transaction through Marcus & Millichap. They successfully sourced an undisclosed buyer for the property.
The hotel sale at 8298 North Wickham Road in Melbourne, Florida sold for $13.5M in 2025. 8298 North Wickham Road is classified as Hotel on Traded. Leo Reilly, Robert Hunter, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Melbourne, Florida file for the 8298 North Wickham Road hotel sold: pricing, party profiles, and other closed hotel comps from the same Melbourne sit in the Market section below. Filter that Melbourne hotel set by closing date to see what else sold near 8298 North Wickham Road around 2025. Published consideration for 8298 North Wickham Road is $13.5M, dated 2025. Cite this Marcus & Millichap Brokers $13.5M Sale Of Holiday Inn Melbourne Viera In Florida sale when underwriting similar hotel product around Melbourne, Florida.
Players
Melbourne Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse Melbourne hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93