REIT Xenia Hotels & Resorts Sells 191-key Hotel In Chicago For $36M
225 North Wabash Avenue, Chicago, IL 60601, USA
$36,000,000
$225/SF
Building Size
159,400 SF
Asset Type
Hotel
Closing
Dec 5, 2021
About this deal
AI
The hotel located at 225 N Wabash Ave in Chicago is currently in contract. The property, owned by REIT Xenia Hotels & Resorts, is being sold for a price of $36,000,000. It consists of 191 keys, with a price per key of $188,481.
Summary of Transaction Details
- Property Type: Hotel
- Transaction Amount: $36,000,000
- Address: 225 N Wabash Ave, Chicago
- Market: Chicago
REIT Xenia Hotels & Resorts is the seller in this deal. The hotel has a total of 191 keys, and the price per key is $188,481.
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93