Ashford Hospitality Trust Acquires Hotel In Boston, MA For $98M
40 Dalton Street
Hotel
1,456 SF
1,456 SF
Financed 1 year ago
Summary
The hotel located at 40 Dalton St in Boston, MA was involved in a closed property transaction. The property is owned by Ashford Hospitality Trust and the landlord representative in the deal is Monty Bennett. The deal was brokered by Robert Douglas.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $98,000,000
- Loan Term: non-recourse loan, four-year initial term with a one-year extension option, floating interest rate of LIBOR + 3.80%
- Keys: 390
The loan amount for the transaction was $98,000,000. The loan term is a non-recourse loan with a four-year initial term and a one-year extension option. The interest rate is floating and is based on LIBOR + 3.80%.
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40 Dalton Street
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