Updated Nov 27, 2024
Henderson Park Acquires La Quinta Hotel From Blackstone For $255M
49-499 Eisenhower Drive, La Quinta, California 92253, United States
$255,000,000
Building Size
—
Asset Type
Hotel
Closing
Feb 6, 2022
About this deal
AI
Located at 49-499 Eisenhower Drive in La Quinta, this hotel property encompasses 45 acres of land. The property was recently sold in a transaction facilitated by Henderson Park as the buyer and @Blackstone, represented by Stephen Schwarzman, as the seller. The sale took place on February 7, 2022, for a total price of $255,000,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $255,000,000
- Address: 49-499 Eisenhower Drive, La Quinta
- Market: La Quinta
- Size: 45 acres
Stephen Schwarzman, representing @Blackstone, played a key role in the sale of the property to Henderson Park. The negotiations and finalization of the transaction were successfully completed on February 7, 2022.
Players
La Quinta Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse California hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93