Updated Oct 28, 2024
Noble Investment Group Acquires Hotel In Raleigh, NC For $28.6M
160 Park at North Hills Street, Raleigh, North Carolina 27609, United States
$28,600,000
Building Size
—
Asset Type
Hotel
Closing
Sep 29, 2022
About this deal
AI
The hotel located at 160 Park at North Hills St in Raleigh, NC has been sold in a recent transaction. The property encompasses 137 keys and was sold for a total price of $28,600,000, resulting in a price per key of $208,759.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $28,600,000
- Property Address: 160 Park at North Hills St, Raleigh, NC
- Market: Raleigh, NC
The buyer of the hotel is Noble Investment Group, an experienced investment company in the real estate industry.
On the Map
$28,600,000
Hotel
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Players
Raleigh Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93