Stanley Quek & Peng Loh Acquire Hotel In Castlemartyr, Co. Cork, Ireland For €20M
Castlemartyr Resort, Castlemartyr, Co, Ireland
$20,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 26, 2021
About this deal
AI
The Stanley Quek and Peng Loh have acquired Sheen Falls Lodge in Castlemartyr, Co. Cork, Ireland for €20,000,000. The hotel, located at P25 X300 Ireland, is a notable asset in County Cork, Ireland.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: €20,000,000
- Date: 27/07/2021
- Vendor: Martin Shaw
Stanley Quek and Peng Loh, along with their representative from Sheen Falls Lodge, successfully completed the acquisition of this prominent hotel property in County Cork. The deal was finalized on the 27th of July 2021. Martin Shaw acted as the seller in this transaction.
Players
Market Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93