Shiva Hotels Group Secures £230M Loan For Welbeck Street Hotel In Marylebone
47 Welbeck St, Marylebone, London W1 G 8 Dn, Uk
$230,000,000
Building Size
—
Asset Type
Other
Closing
Jun 28, 2020
About this deal
AI
The property involved in this transaction is a hotel located at 47 Welbeck Street in Marylebone, London. The loan amount for this deal is £230,000,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: £230,000,000
- Market: Marylebone, London
- Developer: Shiva Hotels Group – Rishi Sachdev
- Lender: Cale Street Invesments – Edward M. Siskind, Crosstree Real Estate Partners – Peter Robinson
- Broker: BBS Capital
The developer involved in this transaction is Shiva Hotels Group, represented by Rishi Sachdev. The lender for this deal includes Cale Street Invesments represented by Edward M. Siskind, and Crosstree Real Estate Partners represented by Peter Robinson. The broker for this transaction is BBS Capital.
Players
London Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93