Sono Hospitality Group Acquires Hotel In New York For $60M
SOLD
$60,000,000
New York
See Similar DealsHotel
Sold 01/16/2023
SOLD
Sono Hospitality Group Acquires Hotel In New York For $60M
33 Peck Slip, New York City, New York 10038, United States
See Similar DealsHotel
Sold 01/16/2023
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Sale
Located at 33 Peck Slip in New York, this hotel property has recently been sold in a transaction completed on January 16, 2023. The asset, a hotel, was sold for a total price of $60,000,000. With a total of 66 keys, the price per key (PPK) comes out to be $909,091. The property was acquired by Sono Hospitality Group from the Ghassemieh Family, represented by Bob Ghassemieh. The deal was facilitated by Jeffery Davis from JLL.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $60,000,000
- Address: 33 Peck Slip
- Market: New York
The buyer, Sono Hospitality Group, acquired the hotel property from the seller, the Ghassemieh Family, represented by Bob Ghassemieh. The transaction was facilitated by Jeffery Davis from JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33
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