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Banyan Investment Group Acquires Orlando Hotel For $37.4M

Property Image
SOLD
$37,400,000

Florida

See Similar Deals
Hotel
Sold 10/14/2022
the dealdetailscomps
Property Image
SOLD

Banyan Investment Group Acquires Orlando Hotel For $37.4M

8602 Universal Boulevard, Orlando, Florida 32819, United States

See Similar Deals
Hotel
Sold 10/14/2022
the dealdetailscomps

Summary

FLORIDA
Asset Type:Hotel
Transaction Type:Sale

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.

Players

BG
Banyan Investment Group
BUYER

Details

SOLD
IMAGE: Andy Chopra DATE: 10/14/2022 ADDRESS: 8602 Universal Drive MARKET: Orlando ASSET TYPE: Hotel BUYER: Banyan Investment Group - Andy Chopra SALE PRICE: $37,400,000 KEYS: 214 ~ PPK: $174,766

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,994,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$132,874.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$177,295.08
Annual Debt Service$2,127,540.97