Updated Oct 29, 2024
Sunstone Hotel Investors, Inc. Sells LAX Hotel For $50M
4427 W El Segundo Blvd, Hawthorne, CA, USA
$50,000,000
$231/SF
Building Size
216,354 SF
Asset Type
Hotel
Closing
Nov 6, 2019
About this deal
AI
A hotel located at 4427 W El Segundo Blvd in the LAX market has been sold for $50,000,000. The property consists of 187 units, with a per unit price of $267,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $50,000,000
- Address: 4427 W El Segundo Blvd
- Market: LAX
- Units: 187
- Price Per Unit: $267,000
Sunstone Hotel Investors, Inc., represented by John Arabia, acted as the seller in this transaction.
The hotel sale at 4427 W El Segundo Blvd, Hawthorne, CA, USA in Hawthorne, California sold for $50M in 2019. Reported inventory is 216,354 square feet across 187 units, or about 231 per square foot. This page is the Hawthorne, California file for the 4427 W El Segundo Blvd, Hawthorne, CA, USA hotel sold: pricing, party profiles, and other closed hotel comps from the same Hawthorne sit in the Market section below. Filter that Hawthorne hotel set by closing date to see what else sold near 4427 W El Segundo Blvd, Hawthorne, CA, USA around 2019. Published consideration for 4427 W El Segundo Blvd, Hawthorne, CA, USA is $50M, dated 2019. Cite this Sunstone Hotel Investors, Inc. Sells LAX Hotel For $50M sale when underwriting similar hotel product around Hawthorne, California.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93