Marcelo Aramendi Acquires Orlando Hotel On Turkey Lake Rd For $12.75M
9350 Turkey Lake Road, Orlando, Florida 32819, United States
$12,750,000
$66/SF
Building Size
192,971 SF
Asset Type
Hotel
Closing
Mar 30, 2022
AI
A hotel located at 9350 Turkey Lake Rd in Orlando has been sold for $12,750,000. The property, spanning 192,971 square feet, was purchased by Marcelo Aramendi from the seller, Dr. Kang Reddy. The transaction took place on March 31, 2022. Ahmed Kabani, Luis Garino, and Suraj Dalal, representing Marcus & Millichap, acted as the brokers for the deal.
Summary of transaction details:
- Property Type: Hotel
- Sale Price: $12,750,000
- Address: 9350 Turkey Lake Rd, Orlando
- Buyer: Marcelo Aramendi
- Seller: Dr. Kang Reddy
- Brokers: Ahmed Kabani, Luis Garino, Suraj Dalal - Marcus & Millichap
- Square Footage: 192,971
Ahmed Kabani, Luis Garino, and Suraj Dalal, representing Marcus & Millichap, played key roles in facilitating the transaction. They ensured a smooth transfer of ownership between the buyer, Marcelo Aramendi, and the seller, Dr. Kang Reddy.
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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93