Updated May 15, 2025
Frost Bank Provides $20.5M Acquisition Loan For Courtyard Boston Copley Square Hotel
88 Exeter Street & 90 Exeter Street
$20,500,000
Building Size
—
Asset Type
Hotel
Closing
May 15, 2025
About this deal
AI
The asset involved in this transaction is the Courtyard Boston Copley Square hotel, located at 88-90 Exeter Street in Boston, MA. This hotel property features 81 keys and was part of a larger acquisition deal valued at $50 million.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $50,000,000
- Loan Amount: $20,500,000
- Loan Type: Acquisition
- Lender: Frost Bank
Frost Bank facilitated the financing for this acquisition by providing a loan amount of $20.5 million specifically for the purchase of the property. The loan underscores the financial partnership that supported the acquisition of the hotel asset.
On the Map
$20,500,000
Hotel
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Players
Boston Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93