JNR Management Inc Acquires Norwood Hotel For $10.8M With Brokers Alan Suzuki & Matthew Enright
SOLD
$10,800,000
Massachusetts
See Similar DealsHotel
Sold 11/09/2022
SOLD
JNR Management Inc Acquires Norwood Hotel For $10.8M With Brokers Alan Suzuki & Matthew Enright
275 Norwood Park South,Norwood, MA
See Similar DealsHotel
Sold 11/09/2022
Summary
MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Sale
The Norwood Park South Hotel in Norwood, MA has been sold for a total of $10,800,000. The property, located at 275 Norwood Park South, is a hotel asset with a total of 96 keys. The price per key (PPK) comes to $112,500.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $10,800,000
- Address: 275 Norwood Park South
- Market: Norwood, MA
The buyer of the property is JNR Management Inc, while the seller is Apex Capital Investments. The deal was facilitated by brokers Alan Suzuki and Matthew Enright from JLL.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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