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800 Washington Avenue, St. ...

One William Street Capital Management Refinances Hotel In St. Louis For $72M
FINANCEDHotel

One William Street Capital Management Refinances Hotel In St. Louis For $72M

800 Washington Avenue, St. Louis, Missouri 63101, United States

$72,000,000

$935/SF

Building Size

77,000 SF

Asset Type

Hotel

Closing

Jul 10, 2022

AI

The property involved in this transaction is a hotel located at 800 Washington Ave in St. Louis, MO. The hotel has a total square footage of 77,000 and consists of 917 keys. The transaction took place on 07/11/2022.

Summary of transaction details:

The lender in this transaction was One William Street Capital Management. The landlord involved in the deal is 800 Washington LLC. Representing the parties in the transaction were brokers Jordan Roeschlaub, Dustin Stolly, Nick Scribani & Tyler Dumon from Newmark. The loan amount for the refinance was $72,000,000.

Players

Dustin Stolly

Walker & Dunlop

Broker

$51.1B

vol

273 deals

Broker
One William Street Capital Management
One William Street Capital ManagementLender

Saint Louis Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93