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JLL Brokers Sell Woburn, MA Hotel For $14.3M

Property Image
SOLD
$14,300,000
Matthew Enright
Emily Zhang
+ 1

Massachusetts

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Hotel
Sold 09/02/2022
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Property Image
SOLD

JLL Brokers Sell Woburn, MA Hotel For $14.3M

285 Mishawum Road, Woburn, Massachusetts 01801, United States

See Similar Deals
Hotel
Sold 09/02/2022
Matthew Enright
Emily Zhang
+ 1
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Summary

MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Sale

Located at 285 Mishawum Rd in Woburn, MA, a hotel property was recently sold for $14,300,000. The transaction took place on 09/02/2022. The hotel consists of 126 keys and has a price per key (PPK) of $113,492. The property was listed by JLL and the brokers involved in the deal were Alan Suzuki, Matthew Enright, Emily Zhang, and Noelle Deslauriers.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $14,300,000
  • Address: 285 Mishawum Rd, Woburn, MA
  • Number of Keys: 126
  • Price per Key (PPK): $113,492
  • Brokers: Alan Suzuki, Matthew Enright, Emily Zhang, and Noelle Deslauriers - JLL

The sale of this hotel property showcases the successful efforts of JLL, represented by brokers Alan Suzuki, Matthew Enright, Emily Zhang, and Noelle Deslauriers. The transaction highlights their expertise in the hotel market and their ability to handle multi-million dollar deals.

Players

Alan Suzuki
6 deals$93.7M volume
BROKER

Matthew Enright
JLL
6 deals$93.7M volume
BROKER

Emily Zhang
JLL
2 deals$37.9M volume
BROKER

Noelle Deslauriers
JLL
1 deal$14.3M volume
BROKER

Details

SOLD
IMAGE: Noelle Deslauriers, Alan Suzuki, Emily Zhang & Matthew Enright DATE: 09/02/2022 ADDRESS: 285 Mishawum Rd MARKET: Woburn, MA ASSET TYPE: Hotel BROKERS: Alan Suzuki, Matthew Enright, Emily Zhang & Noelle Deslauriers - JLL (@JLL) SALE PRICE: $14,300,000 KEYS: 126 ~ PPK: $113,492

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$762,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$50,804.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,789.30
Annual Debt Service$813,471.55