AKA Serviced Residences Buys Hotel From George Washington University In Washington Deal
1 Washington Cir NW, Washington, DC...
$49,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 29, 2022
About this deal
AI
The hotel located at 1 Washington Cir NW in Washington, DC was sold for $49,000,000.00. The property was purchased by AKA Serviced Residences from the seller, George Washington University.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $49,000,000.00
- Address: 1 Washington Cir NW, Washington, DC
- Market: Washington
- Seller's Representative: Marc Magazine (Savills)
- Buyer: AKA Serviced Residences
Marc Magazine from Savills represented the seller, George Washington University, in the transaction.
The hotel sale at 1 Washington Cir NW, Washington, DC... in Washington, DC sold for $49M in 2022. 1 Washington Cir NW, Washington, DC... is classified as Hotel on Traded. Marc Magazine, Savills appear on the sale alongside Savills. This page is the Washington, DC file for the 1 Washington Cir NW, Washington, DC... hotel sold: pricing, party profiles, and other closed hotel comps from the same Washington sit in the Market section below. Filter that Washington hotel set by closing date to see what else sold near 1 Washington Cir NW, Washington, DC... around 2022. Published consideration for 1 Washington Cir NW, Washington, DC... is $49M, dated 2022. Cite this AKA Serviced Residences Buys Hotel From George Washington University In Washington Deal sale when underwriting similar hotel product around Washington, DC.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93