Stockdale Capital Partners Acquires Hotel In Denver, CO For $61.9M
SOLD
$61,900,000
Colorado
See Similar DealsHotel
Sold 08/26/2022
SOLD
Stockdale Capital Partners Acquires Hotel In Denver, CO For $61.9M
3300 Brighton Boulevard, Denver, Colorado 80216, United States
See Similar DealsHotel
Sold 08/26/2022
Summary
COLORADO
Asset Type:Hotel
Transaction Type:Sale
The Hotel located at 3300 Brighton Blvd in Denver, CO has been sold for a total price of $61,900,000. The property consists of 100 keys, resulting in a price per key of $619,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $61,900,000
- Address: 3300 Brighton Blvd, Denver, CO
- Market: Denver, CO
- Buyer: Stockdale Capital Partners
- Keys: 100
- Price per Key: $619,000
Stockdale Capital Partners was the buyer of this hotel property. The sale of the property was completed on August 26, 2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,301,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$219,917.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$293,437.58
Annual Debt Service$3,521,250.96
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