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
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