facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Hotel

/

Loan

/

0 Duval Street, Key West, F...

Noble House Hotels & Resorts Secures $84.4M Loan For Key West Hotel With Elliot Eichner - Sonnenblick-Eichner Co
FINANCEDHotel

Noble House Hotels & Resorts Secures $84.4M Loan For Key West Hotel With Elliot Eichner - Sonnenblick-Eichner Co

0 Duval Street, Key West, Florida 33040, United States

$84,430,000

Building Size

Asset Type

Hotel

Closing

Sep 13, 2022

AI

The hotel located at 0 Duval Street in Key West has recently undergone a closed property transaction. The asset is a hotel with a total of 100 rooms, owned by Noble House Hotels & Resorts.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $84,430,000
  • Address: 0 Duval Street
  • Market: Key West
  • Number of Keys: 100

The deal was facilitated by Elliot Eichner from Sonnenblick-Eichner Co., representing the buyer or seller in the transaction. The loan secured for this hotel property amounts to $84,430,000. The loan terms include a five-year term and a fixed coupon interest rate in the low 5-percent range.

Players

Elliot Eichner

Sonnenblick-Eichner Company

Broker

$365.9M

vol

6 deals

Broker
NR
Noble House Hotels & ResortsLandlord

Key West Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93