Updated Oct 28, 2024
Paceline Equity Partners & BlackPearl Capital Acquire Hotel In Quincy, MA For $88M
1000 Marriott Drive, Quincy, Massachusetts 02169, United States
$88,000,000
Building Size
—
Asset Type
Hotel
Closing
Mar 28, 2022
About this deal
AI
A hotel located at 1000 Marriott Dr in Quincy, MA has been sold for a price of $88,000,000. The transaction took place on March 29, 2022. The property is a valuable asset in the market.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $88,000,000
- Address: 1000 Marriott Dr, Quincy, MA
- Market: Quincy, MA
Paceline Equity Partners and BlackPearl Capital are the buyers of this hotel. The sale was facilitated by brokers Sean Reimer, Aaron Appel, Keith Kurland, Jon Schwartz, and Adam Schwartz from Walker & Dunlop.
On the Map
$88,000,000
Hotel
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Players
Quincy Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93