SOLDHotel
Rentv.com HWC Hospitality Acquires Hotel In Gilbert, AZ For $19.5M
3275 South Market Street, Gilbert, Arizona 85297, United States
$19,500,000
Building Size
—
Asset Type
Hotel
Closing
May 1, 2023
About this deal
AI
The hotel located at 3275 S Market St in Gilbert, AZ has been sold for a total amount of $19,500,000. The property consists of 127 keys and has a price per key (PPK) of $153,543.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $19,500,000
- Address: 3275 S Market St, Gilbert, AZ
- Market: Gilbert, AZ
- Buyer: Rentv.com HWC Hospitality
- Keys: 127
- PPK: $153,543
The buyer in this transaction is Rentv.com HWC Hospitality. They have acquired the hotel property located in Gilbert, AZ.
Players
Gilbert Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93