Rolf Lohbeck Acquires Fort Myers Hotel For $8.2M From Seller Benito Irastorza
9521 Marketplace Road
$8,200,000
$104/SF
Building Size
78,843 SF
Asset Type
Hotel
Closing
Jul 1, 2022
AI
A hotel property located at 9521 Marketplace Rd in Fort Myers has been sold for a transaction amount of $8,200,000. The hotel spans a total area of 78,843 square feet, resulting in a price per square foot of $104. The buyer in this transaction is Rolf Lohbeck, while the seller is Benito Irastorza. The deal was facilitated by brokers Ahmed Kabani and Kian McLean from Kabani Hotel Group, along with Anthony Sgherza.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,200,000
- Square Footage: 78,843
- Price per Square Foot: $104
- Address: 9521 Marketplace Rd, Fort Myers
- Buyer: Rolf Lohbeck
- Seller: Benito Irastorza
- Brokers: Ahmed Kabani & Kian McLean - Kabani Hotel Group; Anthony Sgherza
The successful transaction of this hotel property showcases the collaboration between buyer Rolf Lohbeck and seller Benito Irastorza. Moreover, the deal was facilitated by brokers Ahmed Kabani and Kian McLean from Kabani Hotel Group, along with Anthony Sgherza who also played a crucial role in driving the transaction forward.
Players
Fort Myers 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93