facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

National

/

Hotel

/

Sale

/

1330 Maryland Ave SW, Washi...

Henderson Park Purchases Property At 1330 Maryland Ave SW With Representation From JLL
SOLDHotel

Henderson Park Purchases Property At 1330 Maryland Ave SW With Representation From JLL

1330 Maryland Ave SW, Washington...

Building Size

Asset Type

Hotel

Closing

Nov 20, 2023

AI

The property involved in the transaction is the Mandarin Oriental, located at 1330 Maryland Ave SW, Washington D.C. It is a luxury hotel that spans nine stories and includes 373 rooms. The sales price has not been disclosed, and the square footage is also not specified. The property was built in 2004 and has recently undergone renovations. It overlooks the Tidal Basin and the Washington Channel, with nearby attractions including the National Mall, Washington Monument, Martin Luther King Jr. Memorial, and the Smithsonian National Museum of Natural History.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 1330 Maryland Ave SW, Washington D.C.
  • Seller's Representative: Gilda Perez-Alvarado, Jeffrey Davis - JLL
  • Buyer: Henderson Park
  • Seller: Mandarin Oriental Hotel Group International Ltd.
  • New Management: Salamander Hotels & Resorts

Gilda Perez-Alvarado, Jeffrey Davis, and Stephany Chen of JLL represented the seller in the transaction. Additionally, Mark Fisher of JLL arranged acquisition financing for the buyer, Henderson Park. The hotel has been rebranded as Salamander Washington D.C. under the management of Middleburg, Virginia-based Salamander Hotels & Resorts.

Players

Jeffrey Davis

Broker

$119.7M

vol

4 deals

Broker

Market Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93