Adidev Developers Real Estate Acquires Hotel In Bloomington For $3.2M
1621 Jumer Drive, Bloomington, IL, USA
$3,200,000
$533/SF
Building Size
6,000 SF
Asset Type
Hotel
Closing
Sep 3, 2021
AI
A hotel located at 1621 Jumer Drive in Bloomington has been sold for $3,200,000. The transaction took place on September 3, 2021. The hotel consists of 180 keys and was sold at a price per key (PPK) of $17,778.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $3,200,000
- Address: 1621 Jumer Drive
- Market: Bloomington
The buyer of the hotel is Adidev Developers Real Estate LLC, represented by Meghan O’Neal-Rogozinski from Coldwell Banker Commercial Real Estate Group.
It is a significant deal that showcases the collaboration between the buyer and seller. The hotel offers 180 keys, providing ample accommodation options for guests. The transaction highlights the demand and investment opportunities in the Bloomington market for hotel assets.
Players
Bloomington 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93