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
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