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Sunstone Hotel Investors Inc Sells Hilton New Orleans St. Charles For $47 Million
SOLD
$47,000,000
Louisiana
See Similar DealsHotel
Sold 06/09/2025
SOLD
Sunstone Hotel Investors Inc Sells Hilton New Orleans St. Charles For $47 Million
333 Saint Charles Avenue
See Similar DealsHotel
Sold 06/09/2025
Summary
LOUISIANA
Asset Type:Hotel
Transaction Type:Sale
The asset involved in this transaction is a hotel located at 333 Saint Charles Avenue, New Orleans, LA. The property, which is a 252-room Hilton New Orleans St. Charles, sold for a total of $47,000,000, with a price per key of $186,508.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $47,000,000
- Address: 333 Saint Charles Avenue
- Market: New Orleans, LA
- Seller: Bryan Giglia - Sunstone Hotel Investors Inc
- Keys: 252
- Price per Key: $186,508
In this sale, Bryan Giglia represented Sunstone Hotel Investors Inc, the seller of the property, which will use the proceeds from the sale for stock repurchases rather than reinvesting in hotel properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,506,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$166,981.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$222,803.98
Annual Debt Service$2,673,647.74
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