facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$67,500,000

California

See Similar Deals
Hotel97,137 SF
Financed 09/17/2021
the dealplayerscompscontact
Property Image
FINANCED

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

225 Powell Street

See Similar Deals
Hotel97,137 SF
Financed 09/17/2021
Contact now

Summary

CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$694
Total Square Footage:97,137 SF
Transaction Type:Loan

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

LENDER

AWH Partners
LANDLORD

Details

FINANCED
IMAGE: David Thompson DATE: 09/17/2021 ADDRESS: 225 Powell St. MARKET: San Francisco ASSET TYPE: Hotel ~ KEYS: 189 LENDER: CIM Group - David Thompson LANDLORD: AWH Partners & Roxborough Group LOAN AMOUNT: $67,500,000 LOAN TYPE: Acquisition

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,500,000.00

Monthly NOI$450,000.00
Monthly Debt Service$426,645.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00