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127 West Huron Street

Quadrum Global Issues $63M Loan To Oxford Capital Partners For Godfrey Hotel
FINANCEDHotel

Quadrum Global Issues $63M Loan To Oxford Capital Partners For Godfrey Hotel

127 West Huron Street

$63,000,000

Building Size

Asset Type

Hotel

Closing

Oct 26, 2023

AI

The Godfrey Hotel, located at 127 West Huron Street in Chicago, has secured a $63+ million loan from Quadrum Global. This New York-based real estate investor has shown confidence in the market by providing the loan to Oxford Capital Partners, the landlord of the hotel. With its 221 rooms, the Godfrey Hotel is a notable asset in the Chicago market.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $63,000,000
  • Address: 127 West Huron Street
  • Market: Chicago

Quadrum Global's loan to Oxford Capital Partners for the Godfrey Hotel marks their second investment in the property. Previously, the hotel had secured a $48 million loan in 2017. This new collaboration further solidifies the partnership between Quadrum Global and Oxford Capital Partners.

Players

Quadrum Global
Quadrum GlobalLender

Chicago 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93