Cronheim Hotel Capital Facilitates $25.8M Financing Deal For Hotel Phillips In Kansas City
106 West 12th Street Kansas City, Missouri 64105, USA
$25,800,000
Building Size
—
Asset Type
Hotel
Closing
Aug 11, 2023
About this deal
AI
The 216-room Hotel Phillips in Kansas City, Missouri has secured a $25.8 million financing deal facilitated by Cronheim Hotel Capital. The hotel, located at 106 West 12th St, is owned by Arbor Lodging & Lubert-Adler.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $25,800,000
- Address: 106 West 12th St
- Market: Kansas City, MO
- Keys: 216
- Landlord: Arbor Lodging & Lubert-Adler
- Broker: Cronheim Hotel
Cronheim Hotel Capital played a key role in arranging the financing deal for the Hotel Phillips. The transaction provides the necessary capital for the hotel to further enhance its offerings and continue serving guests in Kansas City, Missouri.
On the Map
$25,800,000
Hotel
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Players
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93