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25 Summer Street

Bruce A. Percelay Of The Mount Vernon Company Acquires Hotel In Plymouth For $14M
SOLDHotel

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.

Players

Bruce A. Percelay

Mount Vernon Company

Buyer

$99.1M

vol

4 deals

Buyer
MC
Mount Vernon CompanyBuyer

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