Rentv.com HWC Hospitality Acquires Hotel In Gilbert, AZ For $19.5M
SOLD
$19,500,000
Arizona
See Similar DealsHotel
Sold 05/01/2023
SOLD
Rentv.com HWC Hospitality Acquires Hotel In Gilbert, AZ For $19.5M
3275 South Market Street, Gilbert, Arizona 85297, United States
See Similar DealsHotel
Sold 05/01/2023
Summary
ARIZONA
Asset Type:Hotel
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,039,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38
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