Host Hotels & Resorts Sells Savannah Hotel For $103M
412 Williamson Street, Savannah, Georgia 31401, United States
$103,000,000
$3,311/SF
Building Size
31,102 SF
Asset Type
Hotel
Closing
Dec 20, 2021
About this deal
AI
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.
On the Map
$103,000,000
$3,311/SF
Hotel
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Players
Savannah Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93