Updated Oct 28, 2024
Henderson Park Acquires Hotel On Maryland Ave SW In Washington, DC For $139M
1330 Maryland Avenue Southwest, Washington, District Of Columbia 20024, United States
$139,000,000
Building Size
—
Asset Type
Hotel
Closing
Sep 15, 2022
About this deal
AI
The Hotel located at 1330 Maryland Ave SW in Washington, DC has been sold in a transaction. The property was acquired by Henderson Park from the seller, Mandarin Oriental. The sale took place on September 16, 2022, for a total price of $139,000,000. The hotel has a total of 373 keys, with a price per key (PPK) of 372,654.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $139,000,000
- Address: 1330 Maryland Ave SW, Washington, DC
- Market: Washington, DC
The transaction was facilitated by JLL, who represented both the buyer, Henderson Park, and the seller, Mandarin Oriental.
Players
Washington 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93