Sunstone Hotel Investors Inc. Acquires Hotel In Healdsburg For $265M From Ohana Real Estate Investors
SOLD
$265,000,000
California
See Similar DealsHotel4,500 SF
Sold 05/04/2021
SOLD
Sunstone Hotel Investors Inc. Acquires Hotel In Healdsburg For $265M From Ohana Real Estate Investors
100 Montage Way, Healdsburg, CA, USA
See Similar DealsHotel4,500 SF
Sold 05/04/2021
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$58,888
Total Square Footage:4,500 SF
Transaction Type:Sale
The Hotel located at 100 Montage Way in Healdsburg has been sold. The property was purchased by Sunstone Hotel Investors Inc. from Ohana Real Estate Investors for a total of $265,000,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $265,000,000
- Address: 100 Montage Way, Healdsburg
- Market: Healdsburg
- Units: 130
- Price per Unit: $2,040,000
The sale of this hotel marks an important transaction in the Healdsburg market. The deal was facilitated by John V. Arabia & G. Christopher Smith, who represented the seller, Ohana Real Estate Investors, and helped negotiate the sale on their behalf.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$14,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$941,489.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,256,235.20
Annual Debt Service$15,074,822.36
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