Updated Oct 28, 2024
Electra America Acquires Hotel In Washington, DC For $49M
1 Washington Circle Nw, Washington, District Of Columbia 20037, United States
$49,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 28, 2022
About this deal
AI
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.
On the Map
$49,000,000
Hotel
View full map
Players
Washington Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse Washington hotel sales on Traded.
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