Varde Partners And Hawkins Way Capital Acquire 1,220-Keys Hotel In Boston For $233M
SOLD
$233,000,000
Massachusetts
See Similar DealsHotel1,100,000 SF
Sold 03/03/2022
SOLD
Varde Partners And Hawkins Way Capital Acquire 1,220-Keys Hotel In Boston For $233M
39 Dalton Street, Boston, Massachusetts 02199, United States
See Similar DealsHotel1,100,000 SF
Sold 03/03/2022
Summary
MASSACHUSETTS
Asset Type:Hotel
Price Per Square Foot:$211
Total Square Footage:1,100,000 SF
Transaction Type:Sale
The hotel located at 39 Dalton St in Boston, MA has been sold in a transaction that took place on March 3, 2022. The property, with a total of 1,220 keys, was sold by Seller Host Hotels & Resorts to Buyer Varde Partners - Francisco Milone & Hawkins Way Capital - Ross Walker. The sale price for the hotel was $233,000,000, with a total square footage of 1,100,000 and a price per square foot of $212.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $233,000,000
- Address: 39 Dalton St, Boston, MA
- Market: Boston, MA
- Buyer: Varde Partners - Francisco Milone & Hawkins Way Capital - Ross Walker
- Seller: Host Hotels & Resorts
- Keys: 1,220
- Square Footage: 1,100,000
- Price per Square Foot: $212
The deal was brokered by Francisco Milone and Hawkins Way Capital represented by Ross Walker.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$12,426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$827,799.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,104,538.87
Annual Debt Service$13,254,466.45
Is there something missing? Send suggestions