Eden Prairie Lodging Group LLC Acquires Hilton Garden Inn In Eden Prairie For $8.2M
6330 Point Chase Road Eden Prairie, Minnesota 55344, USA
$8,200,000
Building Size
—
Asset Type
Hotel
Closing
May 19, 2023
AI
The Hilton Garden Inn Minneapolis/Eden Prairie, a 97-room hotel located in Eden Prairie, Minnesota, has been sold to Eden Prairie Lodging Group LLC for $8.2 million. The sale price amounts to $84,536 per room. The hotel was previously owned by Summit Hotel Properties and was acquired by Eden Prairie Lodging Group LLC.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $8,200,000
- Address: 6330 Pointe Chase - Hilton Garden Inn, Eden Prairie, Minnesota
- Market: Eden Prairie, Minnesota
- Acres: 4.83
- Buyer: Eden Prairie Lodging Group LLC
- Seller: Summit Hotel Properties - Jonathan Stanner
- Keys: 97
- Price per Key (PPK): $84,536
The Hilton Garden Inn Minneapolis/Eden Prairie was previously owned by Summit Hotel Properties. The acquisition was carried out by Eden Prairie Lodging Group LLC, represented by their broker Jonathan Stanner. The sale completed on May 19, 2023.
Eden Prairie Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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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