Global Hospitality Investment Group Acquires DoubleTree Resort By Hilton Paradise Valley For $115M
5401 North Scottsdale Road Scottsdale, Arizona 85250, USA
$115,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 28, 2023
About this deal
AI
The DoubleTree Resort by Hilton Paradise Valley, located at 5401 N Scottsdale Rd in Scottsdale, AZ, has been acquired by Global Hospitality Investment Group (GHIC) from Southwest Value Partners (SVP) for a sale price of $115 million. This hotel asset comprises 378 keys, with an approximate price per key of $304,233.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $115,000,000
- Address: 5401 N Scottsdale Rd
- Market: Scottsdale, AZ
- Buyer: Global Hospitality Investment Group
- Seller: Southwest Value Partners
- Keys: 378
- Price Per Key: $304,233
Global Hospitality Investment Group (GHIC) has successfully acquired The DoubleTree Resort by Hilton Paradise Valley from Southwest Value Partners (SVP). This transaction was finalized for a total purchase price of $115 million, equating to an average of $300,000 per key. The resort, situated at 5401 N Scottsdale Rd in Scottsdale, AZ, presents an appealing investment opportunity for GHIC in the thriving Scottsdale market.
On the Map
$115,000,000
Hotel
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Players
Scottsdale 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93