Updated Nov 4, 2023
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
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93