Rose Equities & Garden Communities Acquires 28 Acre Hotel In West Harrison For $71M
SOLD
$71,000,000
New York
See Similar DealsHotel
Sold 11/02/2022
SOLD
Rose Equities & Garden Communities Acquires 28 Acre Hotel In West Harrison For $71M
80 West Red Oak Lane, Harrison, New York 10604, United States
See Similar DealsHotel
Sold 11/02/2022
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,786,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$252,248.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$336,576.22
Annual Debt Service$4,038,914.67
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