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2901 Nimitz Boulevard

Robert Anselmo, Robert Honer & Wade Hall Of Ambient Communities Acquire Hotel From Noble Legacy LLC For $17.4M
SOLDHotel

Robert Anselmo, Robert Honer & Wade Hall Of Ambient Communities Acquire Hotel From Noble Legacy LLC For $17.4M

2901 Nimitz Boulevard

$17,400,000

$275/SF

Building Size

63,234 SF

Asset Type

Hotel

Closing

Mar 3, 2025

AI

The asset involved in this transaction is a hotel located at 2901 Nimitz Boulevard in the San Diego market. The hotel spans a total square footage of 63,234 and was sold for $17,400,000.00.

Summary of transaction details:

The transaction involved several key individuals. The buyers, Ambient Communities, were represented by Rick Wu and Austin Dias, while the sellers, Noble Legacy LLC, were represented by a team from Lee & Associates, which included Al Apuzzo, Matt Weaver, Alex Bentley, and Brianna Lehman.

Players

Austin Dias

Broker

$25.4M

vol

2 deals

Broker

San Diego 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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93