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
About this deal
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:
- Property Type: Hotel
- Transaction Amount: $72,000,000
- Lender: One William Street Capital Management
- Landlord: 800 Washington LLC
- Brokers: Jordan Roeschlaub, Dustin Stolly, Nick Scribani & Tyler Dumon - Newmark
- Loan Type: Refinance
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.
On the Map
$72,000,000
$935/SF
Hotel
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Players
Saint Louis Hotel Market Snapshot
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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