Hempel Acquires Hotel In Bloomington, MN For $13.2M
1901 Killebrew Drive, Bloomington, Minnesota 55425, United States
$13,200,000
Building Size
—
Asset Type
Hotel
Closing
Aug 29, 2022
About this deal
AI
The hotel located at 1901 Killebrew Drive in Bloomington, MN has been sold for a total price of $13,200,000. The property spans across 7 acres and was recently acquired in a closed transaction.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $13,200,000
- Address: 1901 Killebrew Drive, Bloomington, MN
- Market: Bloomington, MN
- Buyer: Hempel
- Seller: Ramkota Cos
- Size: 7 acres
Hempel, represented by their broker, successfully acquired the hotel from the seller, Ramkota Cos.
The hotel sale at 1901 Killebrew Drive, Bloomington, Minnesota 55425, United States in Minneapolis, Minnesota sold for $13.2M in 2022. 1901 Killebrew Drive, Bloomington, Minnesota 55425, United States is classified as Hotel on Traded. This page is the Minneapolis, Minnesota file for the 1901 Killebrew Drive, Bloomington, Minnesota 55425, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Minneapolis sit in the Market section below. Filter that Minneapolis hotel set by closing date to see what else sold near 1901 Killebrew Drive, Bloomington, Minnesota 55425, United States around 2022. Published consideration for 1901 Killebrew Drive, Bloomington, Minnesota 55425, United States is $13.2M, dated 2022. Cite this Hempel Acquires Hotel In Bloomington, MN For $13.2M sale when underwriting similar hotel product around Minneapolis, Minnesota.
Players
Minneapolis Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93