Navika Capital Group Acquires 90-Key Hampton Inn Hotel In Webster, NY With $4.5M Loan

The 90-key Hampton Inn Hotel located at 878 Hard Road in Webster, NY has been acquired by an undisclosed buyer. The acquisition was financed with a $4,500,000 acquisition loan. The loan was provided by a balance sheet lender and has a term of 5 years, with a fixed interest rate and a 66% loan-to-value ratio. The loan features a flexible prepayment structure and the borrower will make interest-only payments for the first 2 years.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $4,500,000
• Address: 878 Hard Road, Webster, NY
• Market: Webster, NY
• Keys: 90

Brandon Harris and Suraj Desai from lackBearCapitalPartners represented the buyer in the transaction. The seller, Navika Capital Group, was represented by their own broker. The deal was facilitated by Brandon Harris and Suraj Desai, who are both brokers at lackBearCapitalPartners.