Byrnes & Associates Inc Acquires Hotel On East Redwood Street In Baltimore, MD For $18.5M
207 East Redwood Street Baltimore, Maryland 21202, USA
$18,500,000
Building Size
—
Asset Type
Hotel
Closing
Jun 5, 2023
About this deal
AI
The property involved in this transaction is a hotel located at 207 East Redwood Street in Baltimore, MD. The sale took place on 06/05/2023. The buyer is Byrnes & Associates Inc and the seller is Red Lion Hotels Corp. The sale price was $18,500,000. The property consists of 129 keys and the price per unit (PPU) was $143,411.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $18,500,000
- Address: 207 East Redwood Street, Baltimore, MD
- Market: Baltimore, MD
- Buyer: Byrnes & Associates Inc
- Seller: Red Lion Hotels Corp
- Keys: 129
- PPU: $143,411
Byrnes & Associates Inc acted as the buyer in this deal, representing their own interests. Red Lion Hotels Corp represented themselves as the seller.
Players
Baltimore Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93