Southwest Value Partners Acquires JW Marriott Tucson Starr Pass Resort & Spa In Tucson, AZ For $110M
3800 W. Starr Pass Blvd (JW Marriott Tucson Starr Pass Resort & Spa)
$110,000,000
Building Size
—
Asset Type
Hotel
Closing
Apr 26, 2023
About this deal
AI
The asset involved in the transaction is a hotel located at 3800 W. Starr Pass Blvd, specifically the JW Marriott Tucson Starr Pass Resort & Spa in Tucson, AZ. The sale occurred for a total amount of $110,000,000, involving 575 keys and an estimated price per key of $191,304.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $110,000,000
- Buyer: Southwest Value Partners
- Seller: Fortress Investment Group
- Brokers: Christian Charre, Jennifer Bergamo, Paul Weimer & Jennifer Jin - CBRE
- Address: 3800 W. Starr Pass Blvd (JW Marriott Tucson Starr Pass Resort & Spa)
- Market: Tucson, AZ
- Keys: 575
- PPK: $191,304
The key individuals in this transaction include the brokers Christian Charre, Jennifer Bergamo, Paul Weimer, and Jennifer Jin, who represented the involvement of Southwest Value Partners as the buyer and Fortress Investment Group as the seller during this deal.
On the Map
$110,000,000
Hotel
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Tucson Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93