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285 Mishawum Road, Woburn, ...

Updated Dec 18, 2023

JLL Brokers Sell Woburn, MA Hotel For $14.3M
SOLDHotel

JLL Brokers Sell Woburn, MA Hotel For $14.3M

285 Mishawum Road, Woburn, Massachusetts 01801, United States

$14,300,000

Building Size

—

Asset Type

Hotel

Closing

Sep 1, 2022

About this deal

AI

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.

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$14,300,000

Hotel

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Players

Alan Suzuki

JLL

Broker

$93.7M

vol

6 deals

Broker

Woburn 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

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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