Jerry Swon Of Marcus & Millichap Represents Seller In $10.5M Sale Of Hotel In Chester
2 Bryle Pl
$10,500,000
Building Size
—
Asset Type
Hotel
Closing
Feb 11, 2025
AI
The asset involved in this transaction is the 80-room Holiday Inn & Suites located at 2 Bryle Pl, Chester. The sale price for the property was $10,500,000, with a price per key of $131,250.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $10,500,000
- Address: 2 Bryle Pl
- Market: Chester
- Number of Keys: 80
- Price Per Key: $131,250
Jerry Swon from Marcus & Millichap represented both the private seller and the buyer in this transaction. The sale was completed on 02/11/2025, highlighting the involvement of a key broker in facilitating the deal.
Players
Chester Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93