Marcus & Millichap Sells Arlington Heights Hotel For $5.05M
441 West Algonquin Road, Arlington Heights, IL, USA
$5,050,000
$90/SF
Building Size
55,960 SF
Asset Type
Hotel
Closing
Dec 17, 2020
AI
The hotel located at 441 W. Algonquin Road in Arlington Heights has been sold. The transaction was completed on December 18, 2020 by Ebrahim Valliani, Allan Miller, and Chris Gomes of Marcus & Millichap. The property consists of 145 rooms, with a price of $5,050,000. The price per room was calculated at $34,828.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $5,050,000
- Address: 441 W. Algonquin Road, Arlington Heights
- Market: Arlington Heights
- Brokers: Ebrahim Valliani, Allan Miller, & Chris Gomes - Marcus & Millichap
- Rooms: 145
- Price per Room (PPR): $34,828
Ebrahim Valliani, Allan Miller, and Chris Gomes from Marcus & Millichap represented the parties involved in this hotel sale transaction.
Players
Arlington Heights 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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93