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405 Taylor Street, San Fran...

Pebblebrook Hotel Trust Sells San Francisco Hotel For $71M
SOLDHotel

Pebblebrook Hotel Trust Sells San Francisco Hotel For $71M

405 Taylor Street, San Francisco, California 94102, United States

$71,000,000

Building Size

Asset Type

Hotel

Closing

Aug 25, 2022

AI

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.

Players

Jon Bortz

Pebblebrook Hotel Trust

Seller

$1B

vol

9 deals

Seller

San Francisco 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93