facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Hotel

/

Sale

/

946 Main Street, Chatham, M...

TPG Hotels & Resorts Acquires Hotel In Chatham, MA From Oceanview Holdings LLC For $8.2M
SOLDHotel

TPG Hotels & Resorts Acquires Hotel In Chatham, MA From Oceanview Holdings LLC For $8.2M

946 Main Street, Chatham, Massachusetts 02633, United States

$8,200,000

Building Size

Asset Type

Hotel

Closing

Jul 21, 2022

AI

Located at 946 Main Street in Chatham, MA, a hotel property has been sold in a recent transaction. The property, which offers charming accommodations in a prime location, was sold for a price of $8,200,000.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $8,200,000
  • Date: 07/22/2022
  • Address: 946 Main Street, Chatham, MA
  • Market: Chatham, MA

The buyer of the hotel property is TPG Hotels & Resorts, while the seller is Oceanview Holdings LLC. Representing the transaction is Nicholas Herz from Boston Realty Advisors.

This sale marks a significant transaction in the hotel industry, showcasing the value of properties in the Chatham, MA market. With its desirable location and appealing amenities, this hotel presents a promising investment opportunity for the new owner. The involvement of experienced real estate professionals like Nicholas Herz adds to the credibility of this transaction.

Players

Nicholas Herz

Boston Realty Advisors

Broker

$431.5M

vol

21 deals

Broker
OL
Oceanview Holdings LLCSeller

Chatham Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93