Updated Oct 28, 2024
Hyatt Hotels Acquires Irvine Hotel From The Irvine Company For $135M
17900 Jamboree Road, Irvine, California 92614, United States
$135,000,000
Building Size
—
Asset Type
Hotel
Closing
Aug 18, 2022
About this deal
AI
The Irvine Company has sold a hotel property located at 17900 Jamboree Road in Irvine, CA to Hyatt Hotels. The transaction took place on August 19, 2022.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $135,000,000
- Address: 17900 Jamboree Road, Irvine, CA
- Market: Irvine, CA
Hyatt Hotels, represented by Mark Hoplamazian, acted as the buyer in this deal. The Irvine Company served as the seller. The hotel property consists of 541 keys, with an average price per key of $249,538.
On the Map
$135,000,000
Hotel
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Irvine 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93