Prem Patel Acquires Hotel In Orlando For $17.75M With Brokers Ahmed Kabani, Suraj Dalal & Luis Garino - Marcus & Millichap; Seller Alpesh Khusha
8300 Jamaican Court, Orlando, Florida 32819, United States
$17,750,000
$163/SF
Building Size
108,880 SF
Asset Type
Hotel
Closing
Apr 17, 2022
AI
The Hotel located at 8300 Jamaican Ct in Orlando has been sold for a price of $17,750,000. The property, spanning 108,880 square feet, was purchased by Prem Patel from the seller Alpesh Khusha.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $17,750,000
- Date: 04/18/2022
- Address: 8300 Jamaican Ct, Orlando
- Market: Orlando
The deal was facilitated by brokers Ahmed Kabani, Suraj Dalal, and Luis Garino from Marcus & Millichap, along with Dennis Hopper from DSH.
Notable details of the property include 200 keys, resulting in a price per key (PPK) of $88,750. The price per square foot (PPSF) for the hotel is $163.
Players
Orlando Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93