Updated Oct 28, 2024
Hankey Capital And Priyesh R. Bhakta Provide $29M Loan For Hotel Acquisition On West Huntington Drive In San Gabriel Valley
130 West Huntington Drive, Arcadia, CA 91007
$29,000,000
$2,071/SF
Building Size
14,000 SF
Asset Type
Hotel
Closing
Jun 15, 2020
About this deal
AI
A hotel located at 130 West Huntington Drive in San Gabriel Valley has been involved in a recent transaction. The property, with a size of 14,000 square feet, was part of a loan deal.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $29,000,000
- Address: 130 West Huntington Drive
- Market: San Gabriel Valley
The loan for this hotel was provided by Hankey Capital, represented by Don Hankey and Priyesh R. Bhakta. The landlord of the property is Chateau Group USA.
This transaction took place on June 15, 2021. The loan amount of $29,000,000 was secured for the hotel, which spans 14,000 square feet in size.
Players
Arcadia 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93