Updated Oct 28, 2024
Braemar Hotels & Resorts Acquires Mr. C Beverly Hills Hotel For $80M
Mr. C Beverly Hills, 1224 Beverwil Dr, Los Angeles, CA, USA
$80,000,000
$13,524/SF
Building Size
5,915 SF
Asset Type
Hotel
Closing
Jun 4, 2020
About this deal
AI
Located in Beverly Hills, the Mr. C Beverly Hills hotel has been sold in a transaction that took place on June 4, 2021. Situated at 1224 Beverwil Dr., this hotel is an asset type property. The market value of this hotel is $80,000,000, and it consists of 138 units. The price per unit for this transaction amounted to $579,710.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $80,000,000
- Address: 1224 Beverwil Dr.
- Market: Beverly Hills
- Units: 138
- Price per Unit: $579,710
In this transaction, the buyer of the Mr. C Beverly Hills hotel is Braemar Hotels & Resorts, represented by Monty Bennett.
Los Angeles Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93