IQHQ Acquires Hotel On 3777 La Jolla Village Dr. In San Diego For $216M
SOLD
$216,000,000
California
See Similar DealsHotel
Sold 08/11/2022
SOLD
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
See Similar DealsHotel
Sold 08/11/2022
Summary
CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale
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.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$11,520,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$767,402.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,023,950.20
Annual Debt Service$12,287,402.38
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