Citrus Park Hotel, DST
The Courtyard by Marriott
Equity: $15,735,000
Built-In Debt: $11,900,000
Loan-to-Value: 43.06%
Total Occupancy: Average monthly of 69.7% (as of Oct. 2019)
The Property is a 1.95-acre parcel improved with the Citrus Park Hotel, a select-service lodging facility known as the Courtyard by Marriott Tampa Northwest Veterans Expressway. The Citrus Park Hotel is a 128-key, 5-floor hospitality asset located in Tampa, FL, near downtown Tampa and Tampa International Airport. During Oct 2018 – Sep 2019, its average RevPAR2 reached $87.8, performing better than the market comparable set average of $81.73
