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80 Newtown Road Danbury, Co...

Holiday Inn Danbury-Bethel Hotel Sold For $8.27M In Danbury, CT With Marcus & Millichap As The Broker
SOLDHotel

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

$8,270,000

Building Size

Asset Type

Hotel

Closing

Aug 30, 2023

AI

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.

Players

Jerry Swon

Marcus & Millichap

Broker

$46.2M

vol

4 deals

Broker

Newtown Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93