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9521 Marketplace Road

Rolf Lohbeck Acquires Fort Myers Hotel For $8.2M From Seller Benito Irastorza
SOLDHotel

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

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

Ahmed Kabani

Kabani Hotel Group

Broker

$346.8M

vol

31 deals

Broker

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