Shashi Group Secures $34 Million Loan For Aloft Cupertino Hotel From Peachtree Group
10165 North De Anza Boulevard
$34,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 23, 2025
AI
The asset involved in this transaction is the Aloft Cupertino hotel, which features 123 keys and is located at 10165 North De Anza Boulevard in Cupertino. The property has been recapitalized and is set for renovation with a loan amount of $34,000,000. The loan is structured as a three-year bridge loan with two 12-month extension options, replacing a CMBS loan that entered special servicing.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $34,000,000
- Lender: Keegan Bisch - Peachtree Group
- Landlord: Dipesh Gupta - Shashi Group
- Market: Cupertino
- Loan Terms: Three-year loan with two 12-month extension options
Keegan Bisch from Peachtree Group facilitated the financing for this project, while Dipesh Gupta from Shashi Group represents the landlord in this transaction. The loan provides the necessary financial support to allow for recovery and renovation of the hotel as business travel rebounds in the tech sector.
Players
Cupertino Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93