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2 Bryle Pl

Jerry Swon Of Marcus & Millichap Represents Seller In $10.5M Sale Of Hotel In Chester
SOLDHotel

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

Jerry Swon

Marcus & Millichap

Broker

$46.2M

vol

4 deals

Broker

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