SOLDHotel
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
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.
Players
Washington 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93