Northview Hotel Group Acquires Hotel In San Francisco For $157.6M
SOLD
$157,600,000
California
See Similar DealsHotel23,687 SF
Sold 05/07/2021
SOLD
Northview Hotel Group Acquires Hotel In San Francisco For $157.6M
450 Powell St, San Francisco, CA, USA
See Similar DealsHotel23,687 SF
Sold 05/07/2021
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$6,653
Total Square Footage:23,687 SF
Transaction Type:Sale
A hotel property located at 450 Powell St. in San Francisco has been sold for a total amount of $157,600,000. The property, owned by Pebblebrook Hotel Trust and represented by Jon E. Bortz, was purchased by Northview Hotel Group, with Mark Mance as their representative. The hotel consists of 416 rooms, resulting in a price per room of approximately $378,846.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $157,600,000
- Address: 450 Powell St.
- Market: San Francisco
- Buyer: Northview Hotel Group - Mark Mance
- Seller: Pebblebrook Hotel Trust - Jon E. Bortz
- Rooms: 416
- Price per Room (PPR): $378,846
Mark Mance from Northview Hotel Group represented the buyer in this transaction, while Jon E. Bortz represented the seller, Pebblebrook Hotel Trust. The deal was finalized on 05/07/2021, marking the successful transfer of ownership for the hotel property on Powell St. in San Francisco.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,405,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$559,919.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$747,104.40
Annual Debt Service$8,965,252.85
Is there something missing? Send suggestions