Updated Oct 28, 2024
Rivercrest Realty Associates Acquires Winston-Salem Hotel For $17.8M
1995 Hampton Inn Court, Winston-Salem, North Carolina 27103, United States
$17,840,000
Building Size
—
Asset Type
Hotel
Closing
Sep 11, 2022
About this deal
AI
The hotel located at 1995 Hampton Inn Court in Winston-Salem, NC was recently sold for a total price of $17,840,000. This property, consisting of 108 keys, was sold at an average price per key (PPK) of $165,185.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $17,840,000
- Address: 1995 Hampton Inn Court, Winston-Salem, NC
- Market: Winston-Salem, NC
Rivercrest Realty Associates acquired the hotel from the previous owner, Richardson Corp.
These are the key individuals and companies involved in the transaction:
- Buyer: Rivercrest Realty Associates
- Seller: Richardson Corp
Players
Winston-Salem 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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93