Oxford Capital Group Acquires Thompson Hotel In Chicago For $70M
Thompson Chicago, 21 East Bellevue Place, Chicago, IL, USA
$70,000,000
$22,860/SF
Building Size
3,062 SF
Asset Type
Hotel
Closing
Aug 4, 2021
About this deal
AI
The Thompson Hotel located at 21 East Bellevue Place in Chicago has been sold in a recent transaction. The buyer of the hotel is Oxford Capital Group, represented by John W. Rutledge and Sarang Peruri. The seller of the property is Walton Street Capital and AJ Capital Partners.
Summary of transaction details:
- Property Type: Hotel
- Sale Price: $70,000,000 (Approx.)
- Number of Keys: 247
- Price per Key: $283,400
John W. Rutledge, alongside Sarang Peruri, represented Oxford Capital Group as the buyer in this hotel sale. They played a crucial role in negotiating the terms of the transaction and ensuring a successful purchase.
Players
Chicago 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93