Highline Hospitality Partners Acquires Hilton Atlanta Airport From Wheelock Street Capital For $111.3M
1031 Virginia Avenue
$111,300,000
Building Size
—
Asset Type
Hotel
Closing
Apr 14, 2025
About this deal
AI
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.
On the Map
$111,300,000
Hotel
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Players
Atlanta Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93