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Kauai, Hawaii

Updated Dec 4, 2024

Civitas Capital Group Closes $150M Construction Loan Hotel Deal In Kauai
FINANCEDHotel

Civitas Capital Group Closes $150M Construction Loan Hotel Deal In Kauai

$150,000,000

Building Size

Asset Type

Hotel

Closing

Jun 14, 2024

About this deal

AI

The loan of $150,000,000 was secured by Civitas Capital Group to finance the construction of a 210-room Curio Collection by Hilton hotel on an 8.5-acre property in Kauai, Hawaii. The project, spearheaded by Silverwest Hotels, will feature amenities like a restaurant, pro shop, pool, meeting spaces, and a fitness center.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $150,000,000
  • Location: Curio Collection by Hilton
  • Market: Kauai, Hawaii
  • Total Keys: 210
  • Total Acres: 8.5
  • Lender: Austin Khan & Marisa Lizak - Civitas Capital Group
  • Landlord: Silverwest Hotels
  • Loan Type: Construction Loan

The loan was closed to support the development of the 210-room hotel project, with a focus on creating a luxurious hospitality experience on the picturesque island of Kauai. Austin Khan and Marisa Lizak, representing Civitas Capital Group, played a key role in facilitating this significant financing deal.

Players

Civitas Capital Group
Civitas Capital GroupLender

Market Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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