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:
- Property Type: Hotel
- Transaction Amount: $17,400,000.00
- Address: 2901 Nimitz Boulevard
- Market: San Diego
- Square Footage: 63,234
- Buyer: Robert Anselmo, Robert Honer & Wade Hall - Ambient Communities
- Seller: Noble Legacy LLC
- Buyer's Representatives: Rick Wu, Austin Dias
- Seller's Representatives: Al Apuzzo, Matt Weaver, Alex Bentley, Brianna Lehman - Lee & Associates
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
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