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Marriott TownePlace Suites
Doral, FL
PROPERTY CHARACTERISTICS
- 94 room hotel
- Located in Doral, FL
ACQUISITION
- August 2015
INVESTMENT OPPORTUNITY
- Property purchased from a special servicer at auction, which required an immediate deposit and deterred competition
- Very high in-place yield
- The Doral submarket includes several demand drivers and is booming, with an expected increase in population of 15% over the next 5 years
EXECUTION
- Strongly accretive financing creates substantial cash-on-cash returns
- Operational improvements in process
LEARN more
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