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
Market Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
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