HP-SSP Naples Hotel & HP-SSP Naples Golf Acquires Resort On Seagate Drive In Naples For $248M
475 Seagate Drive, Naples, Florida 34108, United States
$248,000,000
Building Size
—
Asset Type
Other
Closing
Apr 4, 2022
About this deal
AI
The resort located at 475 Seagate Drive in Naples was recently sold in a closed transaction. The property was purchased by HP-SSP Naples Hotel & HP-SSP Naples Golf. The sale price for this transaction was $248,000,000.
Summary of transaction details
- Property Type: Resort
- Transaction Amount: $248,000,000
- Address: 475 Seagate Drive
- Market: Naples
The buyers, HP-SSP Naples Hotel & HP-SSP Naples Golf, were represented in this transaction by their respective brokers.
The other sale at 475 Seagate Drive, Naples, Florida 34108, United States in Naples, Florida sold for $248M in 2022. 475 Seagate Drive, Naples, Florida 34108, United States is classified as Other on Traded. This page is the Naples, Florida file for the 475 Seagate Drive, Naples, Florida 34108, United States other sold: pricing, party profiles, and other closed other comps from the same Naples sit in the Market section below. Filter that Naples other set by closing date to see what else sold near 475 Seagate Drive, Naples, Florida 34108, United States around 2022. Published consideration for 475 Seagate Drive, Naples, Florida 34108, United States is $248M, dated 2022. Cite this HP-SSP Naples Hotel & HP-SSP Naples Golf Acquires Resort On Seagate Drive In Naples For $248M sale when underwriting similar other product around Naples, Florida.
Players
Naples Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93