Joe Mansueto's Morningstar Acquires Hotel In Chicago For $54M
11 E Walton St, Chicago, IL 60611, Estados Unidos
$54,000,000
$8,014/SF
Building Size
6,738 SF
Asset Type
Other
Closing
Nov 8, 2020
AI
The hotel located at 11 E. Walton Street in Chicago has been sold in a closed transaction. The property was purchased by Joe Mansueto, the founder of Morningstar, from Walton Street Capital for a total price of $54,000,000. The hotel consists of 215 keys, and the price per key amounts to $251,163.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $54,000,000
- Address: 11 E. Walton Street, Chicago
- Market: Chicago
- Buyer: Joe Mansueto - Morningstar
- Seller: Walton Street Capital
Joe Mansueto, the founder of Morningstar, acted as the buyer in this transaction. Walton Street Capital served as the seller. The purchase of the hotel marks an important investment for Mansueto, further expanding his portfolio in the hospitality industry.
Players
Chicago Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93