Updated Oct 28, 2024
SONO International Co. Ltd. Acquires Hotel In Washington, DC For $21M
2118 Wyoming Avenue Northwest, Washington, District Of Columbia 20008, United States
$21,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 8, 2022
About this deal
AI
The hotel located at 2118 Wyoming Ave NW in Washington, DC has been sold for a total price of $21,000,000. The property was acquired by SONO International Co. Ltd. from Blu Hotel Investors.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $21,000,000
- Market: Washington, DC
- Brokers: Dan Hawkins & Kyle Stevenson - Berkadia
Dan Hawkins and Kyle Stevenson from Berkadia represented both the buyer, SONO International Co. Ltd., and the seller, Blu Hotel Investors, in this transaction.
The hotel sale at 2118 Wyoming Avenue Northwest, Washington, District Of Columbia 20008, United States in Washington, District of Columbia sold for $21M in 2022. 2118 Wyoming Avenue Northwest, Washington, District Of Columbia 20008, United States is classified as Hotel on Traded. Kyle Stevenson, Dan Hawkins, Berkadia appear on the sale alongside Berkadia. This page is the Washington, District of Columbia file for the 2118 Wyoming Avenue Northwest, Washington, District Of Columbia 20008, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Washington sit in the Market section below. Filter that Washington hotel set by closing date to see what else sold near 2118 Wyoming Avenue Northwest, Washington, District Of Columbia 20008, United States around 2022. Published consideration for 2118 Wyoming Avenue Northwest, Washington, District Of Columbia 20008, United States is $21M, dated 2022. Cite this SONO International Co. Ltd. Acquires Hotel In Washington, DC For $21M sale when underwriting similar hotel product around Washington, District of Columbia.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93