Updated Oct 28, 2024
Dynamic City Capital Acquires Hotel In Downtown San Francisco For $105.9M
701 3rd Street, San Francisco, California 94107, United States
$105,900,000
$2,118/SF
Building Size
50,000 SF
Asset Type
Hotel
Closing
Feb 8, 2022
About this deal
AI
The hotel located at 701 Third Street in Downtown San Francisco has been sold. The property, which is a hotel, was sold for a total of $105,900,000. The transaction took place on February 9, 2022.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $105,900,000
- Date: February 9, 2022
- Address: 701 Third Street, Downtown San Francisco
The buyer of the hotel is Dynamic City Capital, while the seller is Stonebridge Cos. The hotel features 230 keys, with a price per key of $460,243.
Players
San Francisco Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93