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1225 Iyannough Rd, Barnstab...

Linchris Hotel Corp Purchases Property At 1225 Iyannough Rd In Barnstable With JLL Reps
SOLDOther

Linchris Hotel Corp Purchases Property At 1225 Iyannough Rd In Barnstable With JLL Reps

1225 Iyannough Rd, Barnstable, MA...

Building Size

Asset Type

Other

Closing

Nov 19, 2023

AI

The 266-room Cape Codder Resort & Spa is located at 1225 Iyannough Rd, Barnstable, MA, within the Hyannis market. The resort features four food-and-beverage concepts, a waterpark, fitness center, indoor and outdoor pools, a pickleball court, and 18,000 square feet of meeting and event space.

Summary of transaction details:

Alan Suzuki and Matthew Enright of JLL represented the seller, while Greg LaBine and Amy Lousararian, also with JLL, facilitated the acquisition financing through HarborOne Bank on behalf of the buyer.

Players

Amy Lousararian

JLL

Broker

$1.3B

vol

18 deals

Broker
LC
Linchris Hotel CorpBuyer

Hyannis Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93