Updated Oct 28, 2024
Noble Investment Group Acquires Hotel In Raleigh For $57.7M
4100 Main at North Hills Street, Raleigh, North Carolina 27609, United States
$57,700,000
Building Size
—
Asset Type
Hotel
Closing
Sep 29, 2022
About this deal
AI
The property involved in this transaction is a hotel located at 4100 Main at North Hills St in Raleigh, NC. The sale took place on September 30, 2022.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $57,700,000
- Buyer: Noble Investment Group
- Keys: 229
- Price per Key: $251,965
Noble Investment Group acted as the buyer in this transaction.
The hotel sale at 4100 Main at North Hills Street, Raleigh, North Carolina 27609, United States in Raleigh, North Carolina sold for $57.7M in 2022. 4100 Main at North Hills Street, Raleigh, North Carolina 27609, United States is classified as Hotel on Traded. This page is the Raleigh, North Carolina file for the 4100 Main at North Hills Street, Raleigh, North Carolina 27609, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Raleigh sit in the Market section below. Filter that Raleigh hotel set by closing date to see what else sold near 4100 Main at North Hills Street, Raleigh, North Carolina 27609, United States around 2022. Published consideration for 4100 Main at North Hills Street, Raleigh, North Carolina 27609, United States is $57.7M, dated 2022. Cite this Noble Investment Group Acquires Hotel In Raleigh For $57.7M sale when underwriting similar hotel product around Raleigh, North Carolina.
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93