Braemar Hotels & Resorts Acquires Mr. C Beverly Hills Hotel For $80M
SOLD
$80,000,000
California
See Similar DealsHotel5,915 SF
Sold 06/04/2020
SOLD
Braemar Hotels & Resorts Acquires Mr. C Beverly Hills Hotel For $80M
Mr. C Beverly Hills, 1224 Beverwil Dr, Los Angeles, CA, USA
See Similar DealsHotel5,915 SF
Sold 06/04/2020
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$13,524
Total Square Footage:5,915 SF
Transaction Type:Sale
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.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77
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