Pebblebrook Hotel Trust Sells San Francisco Hotel For $71M
SOLD
$71,000,000
California
See Similar DealsHotel
Sold 08/26/2022
SOLD
Pebblebrook Hotel Trust Sells San Francisco Hotel For $71M
405 Taylor Street, San Francisco, California 94102, United States
See Similar DealsHotel
Sold 08/26/2022
Summary
CALIFORNIA
Asset Type:Hotel
Transaction Type:Sale
The Hotel located at 405 Taylor Street in San Francisco has been sold in a closed transaction. The property was sold by Pebblebrook Hotel Trust, with Jon Bortz and Raymond Martz representing the seller. The sale was completed on August 26, 2022, for a total price of $71,000,000. The hotel has a total of 236 keys, with a price per key (PPK) of $300,847.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $71,000,000
- Address: 405 Taylor Street, San Francisco
- Number of Keys: 236
- Price per Key (PPK): $300,847
Jon Bortz and Raymond Martz served as the representatives for Pebblebrook Hotel Trust in the transaction. Their expertise and negotiation skills played a crucial role in the successful sale of the hotel. This transaction highlights their commitment to delivering exceptional results for their clients.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,786,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$252,248.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$336,576.22
Annual Debt Service$4,038,914.67
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