DiamondRock Hospitality Company Acquires The Bellmoor Inn & Spa Hotel In Rehoboth Beach For $31M
6 Christian Street
$31,000,000
Building Size
—
Asset Type
Hotel
Closing
Oct 8, 2026
About this deal
AI
The Bellmoor Inn & Spa is a 79-room luxury resort located at 6 Christian Street in Rehoboth Beach, Delaware. This asset was sold for $31 million, equating to approximately $392,000 per room, reflecting an 8.6% cap rate and a 10.4x EBITDA multiple.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $31,000,000
- Buyer: DiamondRock Hospitality Company
- Keys: 79
- PPK: $392,405
DiamondRock Hospitality Company engaged in this all-cash transaction citing limited new hotel supply and opportunities to improve operations as critical factors influencing their decision to acquire the property.
On the Map
$31,000,000
Hotel
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Players
Rehoboth Beach Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93