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430 High Street Hampton, Ne...

Updated Nov 4, 2023

Sweta Agrawal Acquires Historic Victoria Inn In Hampton, NH For $1.5M
SOLDHotel

Sweta Agrawal Acquires Historic Victoria Inn In Hampton, NH For $1.5M

430 High Street Hampton, New Hampshire 03842, Usa

$1,500,000

Building Size

Asset Type

Hotel

Closing

Jul 18, 2023

About this deal

AI

The historic Victoria Inn, located at 430 High St. in Hampton, NH, has been sold for $1.5 million. The property, which operates as a hotel, was purchased by Sweta Agrawal and her husband AK, owners of Ways Motel at Hampton Beach. The new owners, under the name Victoria Inn LLC, have expressed their intention to continue hosting events at the inn.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $1,500,000
  • Address: 430 High Street, Hampton, NH
  • Buyer: Sweta Agrawal
  • Seller: Tracey Dewhurst

Sweta Agrawal and her husband AK, the buyers of Victoria Inn, currently own Ways Motel at Hampton Beach. The purchase of the inn will allow them to expand their hospitality business in the area. With their experience in the industry, they plan to continue hosting events at the property and maintain its historical charm.

Players

Maitland Hotel Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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