Electra America Acquires 225-Key Hotel In Boston, MA From Loews Corp For $116.6M
154 Berkeley Street, Boston, Massachusetts 02116, United States
$116,600,000
$1,589/SF
Building Size
73,350 SF
Asset Type
Hotel
Closing
Aug 16, 2022
AI
The Hotel property located at 154 Berkeley St in Boston, MA was recently sold for a total price of $116,600,000. The property consists of 225 keys and spans a total area of 73,350 square feet. The sale price per square foot was approximately $1,590.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $116,600,000
- Address: 154 Berkeley St, Boston, MA
- Market: Boston, MA
- Keys: 225
The buyer in this transaction was Electra America Hospitality Group, represented by Russ Urban. The seller was Loews Corp.
Boston 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93