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
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.
Players
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