Updated Oct 29, 2024
Hustyns Hotel And Spa Acquires St. Breock Downs Hotel In Wadebridge, Cornwall For £1.18M
St. Breock Downs, Padstow, Wadebridge Pl27 7 Lg, Uk
$1,180,000
Building Size
—
Asset Type
Other
Closing
Nov 18, 2020
About this deal
AI
The property involved in this closed transaction is a hotel located at St. Breock Downs, Padstow, Wadebridge PL27 7LG in Wadebridge, Cornwall. The sale took place on November 19, 2020.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: £1,180,000
- Borrower: Hustyns Hotel and Spa – Ravi Gupta
- Lender: fiduciam''>Fiduciam
Ravi Gupta, representing Hustyns Hotel and Spa, acted as the borrower in this transaction. The lender providing the loan amount of £1,180,000 was Fiduciam.
The other loan at St. Breock Downs, Padstow, Wadebridge Pl27 7 Lg, Uk in Connecticut financed for $1.2M in 2020. St. Breock Downs, Padstow, Wadebridge Pl27 7 Lg, Uk is classified as Other on Traded. This page is the Connecticut file for the St. Breock Downs, Padstow, Wadebridge Pl27 7 Lg, Uk other financed: pricing, party profiles, and other closed other comps from the same Connecticut sit in the Market section below. Filter that local other set by closing date to see what else financed near St. Breock Downs, Padstow, Wadebridge Pl27 7 Lg, Uk around 2020. Published consideration for St. Breock Downs, Padstow, Wadebridge Pl27 7 Lg, Uk is $1.2M, dated 2020. Cite this Hustyns Hotel And Spa Acquires St. Breock Downs Hotel In Wadebridge, Cornwall For £1.18M loan when underwriting similar other product around Connecticut.
Players
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93