The Siegel Group Acquires Hotel Portfolio In Georgia & Tennessee For $29M
SOLD
$29,000,000
Georgia
See Similar DealsHotel
Sold 07/06/2022
SOLD
The Siegel Group Acquires Hotel Portfolio In Georgia & Tennessee For $29M
Georgia, United States
See Similar DealsHotel
Sold 07/06/2022
Summary
GEORGIA
Asset Type:Hotel
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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