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
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.
Players
Washington Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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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