Updated Oct 28, 2024
Sunstone Hotel Investors Acquires Calistoga Hotel In $175M Deal
400 Silverado Trail, Calistoga, CA, USA
$175,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 2, 2021
About this deal
AI
The hotel located at 400 Silverado Trail in Calistoga has been sold for $175,000,000. The property, owned by Alcion Ventures, was acquired by Sunstone Hotel Investors. The transaction took place on November 2, 2021. The hotel comprises 85 keys and has a price per key of $2,100,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $175,000,000
- Address: 400 Silverado Trail, Calistoga
- Market: Calistoga
- Buyer: Sunstone Hotel Investors - Douglas M. Pasquale
- Seller: Alcion Ventures
Douglas M. Pasquale, representing Sunstone Hotel Investors, took part in this transaction as the buyer's representative. The sale of the hotel marks a significant investment in the Calistoga market, providing an opportunity for Sunstone Hotel Investors to expand their portfolio and further establish their presence in the hotel industry.
On the Map
$175,000,000
Hotel
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Calistoga 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93