SOLDHotel
Rose Equities & Garden Communities Acquires 28 Acre Hotel In West Harrison For $71M
80 West Red Oak Lane, Harrison, New York 10604, United States
$71,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 1, 2022
AI
The hotel located at 80 West Red Oak Lane in West Harrison has been sold for a total price of $71,000,000. The property covers an area of 28 acres.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $71,000,000
- Address: 80 West Red Oak Lane
- Market: West Harrison
- Buyer: Rose Equities & Garden Communities
- Seller: Renatus Group & Silver Point Capital
- Date: 11/02/2022
- Asset Type: Hotel
The buyer of the property is Rose Equities & Garden Communities, while the seller is Renatus Group & Silver Point Capital.
Players
GC
Garden CommunitiesBuyer
RG
Renatus GroupSeller
West Harrison 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93