The Siegel Group Acquires Hotel Portfolio In Georgia & Tennessee For $29M
Georgia, United States
$29,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 5, 2022
About this deal
AI
The Siegel Group has acquired a hotel portfolio in Georgia and Tennessee for a sale price of $29,000,000. The transaction was completed with LLBJ Real Estate Holdings as the seller. The hotel portfolio includes properties in both states.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $29,000,000
- Market: Georgia and Tennessee
- Buyer: The Siegel Group
- Seller: LLBJ Real Estate Holdings
- Brokers: Gabriel Shamay, Justin Sturdivant & Kylie Gee - Marcus & Millichap
Gabriel Shamay, Justin Sturdivant, and Kylie Gee from Marcus & Millichap represented the buyer in this transaction.
On the Map
$29,000,000
Hotel
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Players
Eastman 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93