Bruce A. Percelay Of The Mount Vernon Company Acquires Hotel In Plymouth For $14M
25 Summer Street
$14,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 23, 2025
AI
The hotel asset involved in the transaction is the John Carver Inn & Spa, which is located at 25 Summer Street, Plymouth, MA. The transaction was finalized for a total sale price of $14,000,000. The property has a total of 80 rooms, with a price per key of $175,000. The hotel originally opened in 1969 and underwent renovations in 2021.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $14,000,000
- Buyer: Bruce A. Percelay
- Buyer's Company: The Mount Vernon Company
- Address: 25 Summer Street, Plymouth, MA
- Number of Rooms: 80
- Price per Key: $175,000
Bruce A. Percelay, representing The Mount Vernon Company, was the buyer in this transaction. The acquisition was completed on June 23, 2025, according to public records, marking a significant entry into the Plymouth market for the company.
Plymouth 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93