Updated Oct 29, 2024
Anantaa Inc Acquires Cambria Hotel Raleigh-Durham Airport In Morrisville, NC For $10.3M
300 Airgate Drive Morrisville, North Carolina 27560, USA
$10,300,000
Building Size
—
Asset Type
Hotel
Closing
May 26, 2023
About this deal
AI
The Cambria Hotel Raleigh-Durham Airport, located at 300 Airgate Drive in Morrisville, NC, was recently sold for a total of $10,300,000. The property is a hotel asset, and the transaction took place on May 26, 2023.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $10,300,000
- Keys: 103
- PPK: $100,000
Anantaa Inc purchased the Cambria Hotel. The buyer's representative involved in the deal was not specified in the provided information.
The hotel sale at 300 Airgate Drive Morrisville, North Carolina 27560, USA in Morrisville, North Carolina sold for $10.3M in 2023. 300 Airgate Drive Morrisville, North Carolina 27560, USA is classified as Hotel on Traded. This page is the Morrisville, North Carolina file for the 300 Airgate Drive Morrisville, North Carolina 27560, USA hotel sold: pricing, party profiles, and other closed hotel comps from the same Morrisville sit in the Market section below. Filter that Morrisville hotel set by closing date to see what else sold near 300 Airgate Drive Morrisville, North Carolina 27560, USA around 2023. Published consideration for 300 Airgate Drive Morrisville, North Carolina 27560, USA is $10.3M, dated 2023. Cite this Anantaa Inc Acquires Cambria Hotel Raleigh-Durham Airport In Morrisville, NC For $10.3M sale when underwriting similar hotel product around Morrisville, North Carolina.
Players
Morrisville 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93