Mission Hill & KSL Capital Partners Acquire Hotel In Pooler & Savannah, GA For $100M
1423 Benton Boulevard, Pooler, Georgia 31322, United States
$100,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 14, 2022
About this deal
AI
The hotel located at 1423 Benton Blvd, 512 W Oglethorpe Ave & 135 Martin Luther King Jr Blvd in Pooler & Savannah, GA has been sold for approximately $100,000,000. The property, which was listed for sale, was purchased by Mission Hill & KSL Capital Partners from Hawkeye Hotels - Parth Patel & HOS Management.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $100,000,000 (Approx.)
Mission Hill & KSL Capital Partners have successfully acquired this hotel property from Hawkeye Hotels - Parth Patel & HOS Management. The sale was finalized on 06/15/2022. Both the buyer and the seller were represented by their respective brokers or representatives in the transaction.
Players
Pooler 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93