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
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