Host Hotels & Resorts Sells Savannah Hotel For $103M
SOLD
$103,000,000
Georgia
See Similar DealsHotel31,102 SF
Sold 12/20/2021
SOLD
Host Hotels & Resorts Sells Savannah Hotel For $103M
412 Williamson Street, Savannah, Georgia 31401, United States
See Similar DealsHotel31,102 SF
Sold 12/20/2021
Summary
GEORGIA
Asset Type:Hotel
Price Per Square Foot:$3,311
Total Square Footage:31,102 SF
Transaction Type:Sale
The Hotel located at 412 Williamson St in Savannah, GA has been sold for $103,000,000. The transaction took place on 12/20/2021. The property is owned by Host Hotels & Resorts, represented by James F. Risoleo.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $103,000,000
- Address: 412 Williamson St, Savannah, GA
- Market: Savannah, GA
James F. Risoleo, from Host Hotels & Resorts, acted as the seller in this deal. The hotel consists of 173 keys and the price per key stands at $595,376.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$365,937.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$488,272.55
Annual Debt Service$5,859,270.58
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