Affiliate Of KAC Enterprises Inc Acquires The Courtyard By Marriott Louisville East In Hurstbourne, KY For $12M
9608 Blairwood Road
$12,000,000
Building Size
—
Asset Type
Hotel
Closing
Aug 31, 2023
About this deal
AI
The Courtyard by Marriott Louisville East, located at 9608 Blairwood Road, has been sold to an affiliate of KAC Enterprises Inc. for $12 million. The hotel features 151 keys and a price per key of $79,470.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $12,000,000
- Address: 9608 Blairwood Road - The Courtyard by Marriott Louisville East
- Market: Hurstbourne, KY
- Buyer: Affiliate of KAC Enterprises Inc
An affiliate of KAC Enterprises Inc has acquired The Courtyard by Marriott Louisville East for $12 million. The transaction involved the purchase of the hotel located at 9608 Blairwood Road in Hurstbourne, KY. The buyer, an affiliate of KAC Enterprises Inc, took ownership of the property, which features 151 keys, at a price per key of $79,470.
Players
Louisville Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93