One Stop Housing Acquires Hotel In Orlando For $7.1M
929 West Colonial Drive, Orlando, Florida 32804, United States
$7,100,000
Building Size
—
Asset Type
Hotel
Closing
Nov 6, 2022
AI
A hotel located at 929 W. Colonial Drive in Orlando has been sold in a recent transaction. The property, listed by Sammy Investments Orlando, was purchased by One Stop Housing. The deal was facilitated by Glen Jaffee from Cushman & Wakefield. The sale price for the hotel was $7,100,000.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $7,100,000
- Address: 929 W. Colonial Drive
- Market: Orlando
One Stop Housing acquired the hotel located at 929 W. Colonial Drive in Orlando from Sammy Investments Orlando. Glen Jaffee, representing Cushman & Wakefield, facilitated the transaction. The hotel consists of 155 keys, with a price per key (PPK) of $45,806.
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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93