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2118 Wyoming Avenue Northwe...

Updated Oct 28, 2024

SONO International Co. Ltd. Acquires Hotel In Washington, DC For $21M
SOLDHotel

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

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.

Players

Kyle Stevenson

Berkadia

Broker

$80.1M

vol

6 deals

Broker

Washington Hotel Market Snapshot

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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

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