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Highline Hospitality Partners Acquires Hilton Atlanta Airport From Wheelock Street Capital For $111.3M
SOLD
$111,300,000
Georgia
See Similar DealsHotel
Sold 04/14/2025
SOLD
Highline Hospitality Partners Acquires Hilton Atlanta Airport From Wheelock Street Capital For $111.3M
1031 Virginia Avenue
See Similar DealsHotel
Sold 04/14/2025
Summary
GEORGIA
Asset Type:Hotel
Transaction Type:Sale
The property involved in this transaction is a hotel located at 1031 Virginia Avenue, Atlanta, GA. The asset type is a hotel, specifically the Hilton Atlanta Airport, which consists of 510 keys. The total sale price of the property was $111,300,000, and the per key price was calculated at $218,235.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $111,300,000
- Buyer: Highline Hospitality Partners
- Seller: Wheelock Street Capital
- Loan Amount: $67,000,000
- Market: Atlanta, GA
- Keys: 510
- Price Per Key: $218,235
The representatives involved in this transaction are Highline Hospitality Partners as the buyer and Wheelock Street Capital as the seller. Highline secured financing through a loan from Equitable Financial to facilitate the acquisition of the hotel.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,935,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$395,425.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$527,618.78
Annual Debt Service$6,331,425.39
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