facebook
Traded Co logo
Submit

Electra America Hospitality Group Acquires Hotel In Boston For $82.6M

Property Image
SOLD
$82,630,000

Massachusetts

See Similar Deals
Hotel
Sold 01/12/2023
the dealplayerscompscontact
Property Image
SOLD

Electra America Hospitality Group Acquires Hotel In Boston For $82.6M

90 Tremont Street, Boston, Massachusetts 02108, United States

See Similar Deals
Hotel
Sold 01/12/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:Hotel
Transaction Type:Sale

The hotel located at 90 Tremont St in Boston, MA has been sold in a transaction completed on January 12, 2023. The property was acquired by Electra America Hospitality Group, represented by Russ Urban. The sale price for the hotel was $82,630,000, with a total of 190 keys. This translates to a price per key of $434,895.

Summary of transation details

  • Property Type: Hotel
  • Transaction Amount: $82,630,000
  • Address: 90 Tremont St, Boston, MA
  • Market: Boston, MA
  • Buyer: Electra America Hospitality Group - Russ Urban
  • Keys: 190
  • Price per Key: $434,895

The buyer of the property, Electra America Hospitality Group, was represented by Russ Urban. This transaction marks a significant investment in the Boston hotel market, highlighting the appeal and potential of the property and its location. With 190 keys, the hotel offers ample accommodations for guests. The purchase price of $82,630,000 reflects the value placed on this prime asset in Boston.

Players

4 deals$263.2M volume
BUYER

Details

SOLD
IMAGE: Russ Urban DATE: 01/12/2023 ADDRESS: 90 Tremont St MARKET: Boston, MA ASSET TYPE: Hotel BUYER: Electra America Hospitality Group - Russ Urban (@Russ_Urban) SALE PRICE: $82,630,000 KEYS: 190 ~ PPK: $434,895

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

Contact

Get in touch with the broker you want

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

$4,406,933.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$293,566.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$391,708.36
Annual Debt Service$4,700,500.27