Adidev Developers Real Estate Acquires Hotel In Bloomington For $3.2M
SOLD
$3,200,000
Illinois
See Similar DealsHotel6,000 SF
Sold 09/03/2021
SOLD
Adidev Developers Real Estate Acquires Hotel In Bloomington For $3.2M
1621 Jumer Drive, Bloomington, IL, USA
See Similar DealsHotel6,000 SF
Sold 09/03/2021
Summary
ILLINOIS
Asset Type:Hotel
Price Per Square Foot:$533
Total Square Footage:6,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
Is there something missing? Send suggestions