Winthrop Acquires Kilcullen Rd Hotel In Naas, Ireland For €25M
Kilcullen Road, Naas, Kildare W91, Ireland
$25,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 16, 2021
About this deal
AI
The Kilcullen Rd property in Killashee, Naas, Co. Kildare, W91 DC98, Ireland has been sold in a closed transaction. The property, classified as a hotel, was purchased for €25,000,000. It consists of 140 keys, with a purchase price per key of approximately €178,571. The transaction took place on December 15, 2021.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: €25,000,000
- Number of Keys: 140
- Price per Key: €178,571
- Date: December 15, 2021
- Address: Kilcullen Rd, Killashee, Naas, Co. Kildare, W91 DC98, Ireland
The vendor of the property is Tetrarch Capital represented by Michael McElligott and James Byrne. The purchaser is Winthrop, represented by Barry English.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93