Banyan Investment Group Acquires Orlando Hotel For $37.4M
8602 Universal Boulevard, Orlando, Florida 32819, United States
$37,400,000
Building Size
—
Asset Type
Hotel
Closing
Oct 13, 2022
About this deal
AI
The recently closed property transaction involves a hotel located at 8602 Universal Drive in Orlando. The hotel was sold for a price of $37,400,000. With a total of 214 keys, the per key price comes to approximately $174,766.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $37,400,000
- Address: 8602 Universal Drive
- Market: Orlando
- Buyer: Banyan Investment Group - Andy Chopra
- Keys: 214
The buyer of the property is Banyan Investment Group, represented by Andy Chopra. The transaction was completed on October 14, 2022.
On the Map
$37,400,000
Hotel
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Players
Orlando Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
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