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Global Hospitality Investment Group Acquires Hotel In Scottsdale For $88.0M With Loan From ACORE

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FINANCED
$88,035,000
Dustin Stolly
Jordan (Jordy) Roeschlaub
+ 1

Arizona

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Hotel
Financed 07/21/2023
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Property Image
FINANCED

Global Hospitality Investment Group Acquires Hotel In Scottsdale For $88.0M With Loan From ACORE

5401 N Scottsdale Rd Scottsdale, AZ 85250, USA

See Similar Deals
Hotel
Financed 07/21/2023
Dustin Stolly
Jordan (Jordy) Roeschlaub
+ 1
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Summary

ARIZONA
Asset Type:Hotel
Transaction Type:Loan

The property involved in this transaction is a hotel located at 5401 North Scottsdale Road in Scottsdale. The loan amount for the acquisition of this hotel is $88,035,000. The lender for this loan is ACORE, represented by Warren De Haan. The landlord of the property is Global Hospitality Investment Group, represented by Kevin Colket. The brokers involved in this deal are Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Tyler Dumon from Newmark.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $88,035,000
  • Lender: ACORE - Warren De Haan
  • Landlord: Global Hospitality Investment Group - Kevin Colket
  • Brokers: Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Tyler Dumon - Newmark

Warren De Haan represents ACORE as the lender in this transaction. Kevin Colket, on the other hand, represents Global Hospitality Investment Group as the landlord of the hotel. Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Tyler Dumon from Newmark serve as the brokers facilitating the deal. Their expertise and negotiation skills are crucial in ensuring a successful acquisition of the hotel.

Players

Dustin Stolly
264 deals$49.1B volume
BROKER

Nick Scribani
Newmark
191 deals$55.1B volume(212) 372-2113
BROKER

Tyler Dumon
Newmark
22 deals$3.7B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Acore Capital
LENDER

Details

FINANCED
IMAGE: Warren De Haan, Kevin Colket, Jordan Roeschlaub, Dustin Stolly, Nick Scribani & Tyler Dumon DATE: 07/21/2023 ADDRESS: 5401 North Scottsdale Road MARKET: Scottsdale ASSET TYPE: Hotel LENDER: ACORE - Warren De Haan (@WarrenDeHaan) LANDLORD: Global Hospitality Investment Group - Kevin Colket BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Dustin Stolly, Nick Scribani & Tyler Dumon - Newmark (@NewMark) LOAN AMOUNT: $88,035,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$88,035,000.00

Monthly NOI$586,900.00
Monthly Debt Service$556,441.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00