Updated Oct 28, 2024
AWH Partners Acquires Goleta Hotel For $33M With Jon Rosenfeld, Chad Cooley & Russell Flicker
5650 Calle Real, Goleta, California 93117, United States
$33,000,000
Building Size
—
Asset Type
Hotel
Closing
Jan 25, 2022
About this deal
AI
The hotel located at 5650 Calle Real in Goleta has been sold for a price of $33,000,000. The property, consisting of 158 keys, was acquired by AWH Partners, represented by Jon Rosenfeld, Chad Cooley, and Russell Flicker.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $33,000,000
- Address: 5650 Calle Real
- Market: Goleta
Jon Rosenfeld, Chad Cooley, and Russell Flicker, on behalf of AWH Partners, were the buyers in this hotel sale transaction.
The hotel sale at 5650 Calle Real, Goleta, California 93117, United States in Goleta, California sold for $33M in 2022. 5650 Calle Real, Goleta, California 93117, United States is classified as Hotel on Traded. Named participants on the 5650 Calle Real, Goleta, California 93117, United States sale are Jon Rosenfeld, Chad Cooley, Russell Flicker. This page is the Goleta, California file for the 5650 Calle Real, Goleta, California 93117, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Goleta sit in the Market section below. Filter that Goleta hotel set by closing date to see what else sold near 5650 Calle Real, Goleta, California 93117, United States around 2022. Published consideration for 5650 Calle Real, Goleta, California 93117, United States is $33M, dated 2022. Cite this AWH Partners Acquires Goleta Hotel For $33M With Jon Rosenfeld, Chad Cooley & Russell Flicker sale when underwriting similar hotel product around Goleta, California.
Players
Goleta 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93