Braemar Hotels And Resorts Inc Acquires Hotel In Scottsdale, AZ For $267.8M
10600 East Crescent Moon Drive, Scottsdale, Arizona 85262, United States
$267,800,000
Building Size
—
Asset Type
Hotel
Closing
Oct 31, 2022
About this deal
AI
The hotel located at 10600 E Crescent Moon Dr in Scottsdale, AZ has been sold. The sale took place on 11/01/2022 for a total price of $267,800,000. The property is owned by Braemar Hotels and Resorts Inc.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $267,800,000
- Address: 10600 E Crescent Moon Dr, Scottsdale, AZ
- Market: Scottsdale, AZ
The buyer for this hotel is Braemar Hotels and Resorts Inc, who made the transaction through their representative.
The hotel sale at 10600 East Crescent Moon Drive, Scottsdale, Arizona 85262, United States in Scottsdale, Arizona sold for $267.8M in 2022. 10600 East Crescent Moon Drive, Scottsdale, Arizona 85262, United States is classified as Hotel on Traded. This page is the Scottsdale, Arizona file for the 10600 East Crescent Moon Drive, Scottsdale, Arizona 85262, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Scottsdale sit in the Market section below. Filter that Scottsdale hotel set by closing date to see what else sold near 10600 East Crescent Moon Drive, Scottsdale, Arizona 85262, United States around 2022. Published consideration for 10600 East Crescent Moon Drive, Scottsdale, Arizona 85262, United States is $267.8M, dated 2022. Cite this Braemar Hotels And Resorts Inc Acquires Hotel In Scottsdale, AZ For $267.8M sale when underwriting similar hotel product around Scottsdale, Arizona.
Players
Scottsdale Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
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