Sono Hospitality Group Acquires Hotel In New York For $60M
33 Peck Slip, New York City, New York 10038, United States
$60,000,000
Building Size
—
Asset Type
Hotel
Closing
Jan 16, 2023
About this deal
AI
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.
On the Map
$60,000,000
Hotel
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Players
New York 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93