Updated Dec 14, 2024
Fairfield Hotel Group LLC Acquires Hotel In Fairfield, CT For $6.45M
100 Kings Highway Cutoff, Fairfield, Connecticut 06824, United States
$6,450,000
Building Size
—
Asset Type
Hotel
Closing
Feb 6, 2022
About this deal
AI
The Hotel located at 100 Kings Hwy Cutoff in Fairfield, CT has been sold on 02/07/2022. The property was sold for a price of $6,450,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $6,450,000
- Location: 100 Kings Hwy Cutoff, Fairfield, CT
- Buyer: Fairfield Hotel Group LLC
- Seller: blackrock'>Blackrock Acquisition LLC - Kirtikumar S. Patel, Dev G. Patel, Girishbhai Patel & Rahul G. Patel
The buyer in this deal was Fairfield Hotel Group LLC, while the seller was blackrock'>Blackrock Acquisition LLC, represented by Kirtikumar S. Patel, Dev G. Patel, Girishbhai Patel, and Rahul G. Patel. They closed the sale transaction with a purchase price of $6,450,000.
Players
Fairfield Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93