Maybourne Hotel Group Acquires Beverly Hills Hotel At 225 N. Canon Dr For $415M
225 N Canon Dr, Beverly Hills, CA, USA
$415,000,000
$1,425/SF
Building Size
291,080 SF
Asset Type
Hotel
Closing
Dec 23, 2019
AI
The Montage Beverly Hills hotel located at 225 N. Canon Dr in Beverly Hills has been sold for approximately $415,000,000. The buyer, Maybourne Hotel Group, acquired the hotel from Ohana RE Investors. This sale transaction includes 201 keys and has a price per key of $2,064,676.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $415,000,000 (approx.)
- Address: 225 N. Canon Dr
- Market: Beverly Hills
Alan Reay from Atlas Hospitality Group represented the seller, Ohana RE Investors, in this deal.
Please note that no additional information is available regarding this transaction.
Beverly Hills 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93