One Stop Housing Acquires Hotel In Orlando For $7.1M
SOLD
$7,100,000
Florida
See Similar DealsHotel
Sold 11/07/2022
SOLD
One Stop Housing Acquires Hotel In Orlando For $7.1M
929 West Colonial Drive, Orlando, Florida 32804, United States
See Similar DealsHotel
Sold 11/07/2022
Summary
FLORIDA
Asset Type:Hotel
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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