Updated Oct 28, 2024
IQHQ Acquires Hotel On 3777 La Jolla Village Dr. In San Diego For $216M
3777 La Jolla Village Drive, San Diego, California 92122, United States
$216,000,000
Building Size
—
Asset Type
Hotel
Closing
Aug 10, 2022
About this deal
AI
The hotel located at 3777 La Jolla Village Dr. in San Diego has been sold for a price of $216,000,000. Tracy Murphy represented the buyer, IQHQ, while GAW Capital Partners was the seller in this transaction.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $216,000,000
- Address: 3777 La Jolla Village Dr.
- Market: San Diego
In addition to the buyer and seller, Tracy Murphy from IQHQ played a crucial role as their representative in the deal.
The hotel sale at 3777 La Jolla Village Drive, San Diego, California 92122, United States in San Diego, California sold for $216M in 2022. 3777 La Jolla Village Drive, San Diego, California 92122, United States is classified as Hotel on Traded. Named participants on the 3777 La Jolla Village Drive, San Diego, California 92122, United States sale are Tracy Murphy. This page is the San Diego, California file for the 3777 La Jolla Village Drive, San Diego, California 92122, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same San Diego sit in the Market section below. Filter that San Diego hotel set by closing date to see what else sold near 3777 La Jolla Village Drive, San Diego, California 92122, United States around 2022. Published consideration for 3777 La Jolla Village Drive, San Diego, California 92122, United States is $216M, dated 2022. Cite this IQHQ Acquires Hotel On 3777 La Jolla Village Dr. In San Diego For $216M sale when underwriting similar hotel product around San Diego, California.
On the Map
$216,000,000
Hotel
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Players
San Diego Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93