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225 Powell Street

CIM Group Acquires Hotel Property On Powell St. In San Francisco
FINANCEDHotel

CIM Group Acquires Hotel Property On Powell St. In San Francisco

225 Powell Street

$67,500,000

$694/SF

Building Size

97,137 SF

Asset Type

Hotel

Closing

Sep 17, 2021

AI

The hotel located at 225 Powell St. in San Francisco has been sold in an acquisition deal. The property, consisting of 189 keys, was acquired by the buyer, AWH Partners & Roxborough Group. The transaction was facilitated by lender CIM Group, represented by David Thompson. The loan amount for the acquisition was $67,500,000.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $67,500,000
  • Address: 225 Powell St.
  • Market: San Francisco
  • Keys: 189
  • Lender: CIM Group - David Thompson
  • Landlord: AWH Partners & Roxborough Group

Detailed information about the individuals and companies involved in the deal includes AWH Partners and Roxborough Group as the buyers of the hotel property located at 225 Powell St. in San Francisco. The lender for the acquisition was CIM Group, with David Thompson representing them in the transaction.

Players

CIM Group
CIM GroupLender
AWH Partners
AWH PartnersLandlord

San Mateo 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93