Electra America Acquires Hotel In Washington, DC For $49M
SOLD
$49,000,000
District Of Columbia
See Similar DealsHotel
Sold 06/29/2022
SOLD
Electra America Acquires Hotel In Washington, DC For $49M
1 Washington Circle Nw, Washington, District Of Columbia 20037, United States
See Similar DealsHotel
Sold 06/29/2022
Summary
Asset Type:Hotel
Transaction Type:Sale
The property involved in this transaction is a hotel located at 1 Washington Cir NW in Washington, DC. The hotel consists of 152 keys.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $49,000,000
- Buyer: Electra America - Russ Urban & AKA
- Seller: George Washington University - Bruno Fernandes
- Broker: Marc Magazine - Savills
The buyer in this deal is Electra America represented by Russ Urban and AKA. The seller is George Washington University represented by Bruno Fernandes. The broker facilitating the transaction is Marc Magazine from Savills.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$174,086.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$232,285.00
Annual Debt Service$2,787,419.98
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