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Holiday Inn Danbury-Bethel Hotel Sold For $8.27M In Danbury, CT With Marcus & Millichap As The Broker
SOLD
$8,270,000
Connecticut
See Similar DealsHotel
Sold 08/30/2023
SOLD
Holiday Inn Danbury-Bethel Hotel Sold For $8.27M In Danbury, CT With Marcus & Millichap As The Broker
80 Newtown Road Danbury, Connecticut 06810, USA
See Similar DealsHotel
Sold 08/30/2023
Summary
CONNECTICUT
Asset Type:Hotel
Transaction Type:Sale
The 112-room Holiday Inn Danbury-Bethel hotel in Danbury, Connecticut, has been sold for $8.27 million in a transaction facilitated by Marcus & Millichap. The hotel is located at 80 Newtown Road.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,270,000
- Keys: 112
- Price Per Key (PPK): $73,839
Jerry Swon from Marcus & Millichap served as the broker in this transaction. The sale of the Holiday Inn Danbury-Bethel hotel was completed with a deal value of $8.27 million. The transaction represents the successful collaboration between the buyer and the seller facilitated by Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$441,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,381.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,204.02
Annual Debt Service$470,448.23
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