facebook
Traded Co logo
Submit

ASAP International Holdings Acquires Hotel In Maui, HI For $80M

Property Image
SOLD
$80,000,000

Hawaii

See Similar Deals
Hotel182,673 SF
Sold 01/28/2022
the dealplayerscompscontact
Property Image
SOLD

ASAP International Holdings Acquires Hotel In Maui, HI For $80M

100 Kaahumanu Avenue, Kahului, Hawaii 96732, United States

See Similar Deals
Hotel182,673 SF
Sold 01/28/2022
Contact now

Summary

HAWAII
Asset Type:Hotel
Price Per Square Foot:$437
Total Square Footage:182,673 SF
Transaction Type:Sale

The Hotel located at 100 W Kaahumanu Ave in Maui, HI has been sold in a recent transaction. The sale was completed on January 28, 2022. The property, owned by Jerome Yuan and Frank Yuan, was purchased by ASAP International Holdings. The buyers, Frank Yuan and Jerome Yuan, represented their company in the deal. Colliers International, represented by Jeremy Thornton and Nicole Sayers, acted as the brokers in the transaction.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $80,000,000
  • Address: 100 W Kaahumanu Ave
  • Market: Maui, HI
  • Square Footage: 182,673
  • Price per Square Foot: $438
  • Number of Rooms: 188
  • Price per Room: $425,500

The Hotel, with a total of 188 rooms, was sold at a price of $80,000,000. The transaction represents a price per square foot of $438 and a price per room of $425,500. This deal was facilitated by ASAP International Holdings, with Frank Yuan and Jerome Yuan as representatives. Colliers International, through their brokers Jeremy Thornton and Nicole Sayers, played a significant role in the successful completion of the transaction.

Players

Jeremy Thornton
5 deals$754.8M volume
BROKER

Nicole Sayers
Colliers
5 deals$754.8M volume
BROKER

Details

SOLD
IMAGE: Jerome Yuan & Frank Yuan DATE: 01/28/2022 ADDRESS: 100 W Kaahumanu Ave MARKET: Maui, HI ASSET TYPE: Hotel BUYER: ASAP International Holdings - Frank Yuan, Jerome Yuan (@AsapsHow) (@PowardByHoward) BROKERS: Jeremy Thornton & Nicole Sayers - Colliers International SALE PRICE: $80,000,000 SF: 182,673 ~ PPSF: $438 ROOMS: 188 ~ PPR: $425,500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77