Updated Oct 28, 2024
Chatham Lodging Trust Acquires Hotel Portfolio In Burlington, Houston, And Dallas For $80M
5 Wheeler Road, Burlington, Massachusetts 01803, United States
$80,000,000
Building Size
—
Asset Type
Hotel
Closing
May 15, 2022
About this deal
AI
A hotel property located at 5 Wheeler Rd, 2929 Westpark Dr, 2939 Westpark Dr, and 2747 N Stemmons Fwy has been sold in a recent transaction. The property is situated in Burlington, MA, Houston, and Dallas. The sale of this hotel was facilitated by Jeffrey H. Fisher.
Summary of transaction details:
- Property Type: Hotel
- Sale Price: $80,000,000
- Keys: 537
- Price per Key: $148,976
Chatham Lodging Trust, represented by Jeffrey H. Fisher, acted as the buyer in this transaction.
The hotel sale at 5 Wheeler Road, Burlington, Massachusetts 01803, United States in Burlington, Massachusetts sold for $80M in 2022. 5 Wheeler Road, Burlington, Massachusetts 01803, United States is classified as Hotel on Traded. Named participants on the 5 Wheeler Road, Burlington, Massachusetts 01803, United States sale are Jeffrey H. Fisher. This page is the Burlington, Massachusetts file for the 5 Wheeler Road, Burlington, Massachusetts 01803, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Burlington sit in the Market section below. Filter that Burlington hotel set by closing date to see what else sold near 5 Wheeler Road, Burlington, Massachusetts 01803, United States around 2022. Published consideration for 5 Wheeler Road, Burlington, Massachusetts 01803, United States is $80M, dated 2022. Cite this Chatham Lodging Trust Acquires Hotel Portfolio In Burlington, Houston, And Dallas For $80M sale when underwriting similar hotel product around Burlington, Massachusetts.
Burlington Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93