AJ Derzon Acquires Hotel In Kissimmee For $15.655 Million With Kevin Kohler As Buyer's Representative

This transaction involves a hotel property located at 7675 West Irlo Bronson Memorial Highway in the Kissimmee market. The asset, encompassing 112,604 square feet, was sold for $15,655,000, which translates to a price per square foot of $139. The property comprises 197 keys, with a price per key of $79,467.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $15,655,000
• Square Footage: 112,604
• Address: 7675 West Irlo Bronson Memorial Highway
• Market: Kissimmee
• Buyer: AJ Derzon
• Seller: Jignesh Patel
• Buyer's Representative: Kevin Kohler - KW Commercial
• Keys: 197
• Price Per Key: $79,467
• Price Per Square Foot: $139

The Kohler Team at KW Commercial represented the Buyer in this transaction, successfully concluding the deal. The Buyer group aims to undertake extensive renovations to reposition the asset, leveraging the strengthening hospitality market in the Gateway region of Kissimmee, Florida. This strategy is expected to generate robust revenue growth and yield a strong return for investors under a new flag and brand that will be revealed later.