Updated Dec 4, 2024
Comfort Hotel Vesterbro In København, Denmark Refinanced For $45M By Aerial Bank - Michelle Weiss On A Loan Agreement With Starwood Capital Group - Timothy Abram's Hotel
Vesterbrogade, 1620 Copenhagen, Denmark
$45,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 29, 2021
About this deal
AI
The Comfort Hotel Vesterbro, located at Vesterbrogade 23/29, 1620 København, Denmark, has recently undergone a refinancing transaction. The hotel, with its strategic location in København, offers a promising investment opportunity in the hospitality sector.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $45,000,000
- Lender: Aerial Bank - Michelle Weiss
- Landlord: Starwood Capital Group - Timothy Abram
Aerial Bank, represented by Michelle Weiss, provided a loan amount of $45,000,000 for the refinance of Comfort Hotel Vesterbro. This loan will enable the hotel to optimize its operations and continue delivering exceptional services to its guests. The landlord, Starwood Capital Group, led by Timothy Abram, facilitated this transaction, showcasing their strong presence in the real estate market.
Players
Copenhagen Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93