Updated Oct 28, 2024
Ocean Hospitality LLC Acquires Hotel In Wilmington, NC From Heli Hospitality
4926 Market Street, Wilmington, NC, USA
$5,000,000
$36/SF
Building Size
135,907 SF
Asset Type
Hotel
Closing
Nov 18, 2021
About this deal
AI
An undisclosed hotel property located at 4926 Market St in Wilmington, NC has been sold in a closed transaction. The transaction date was on November 18, 2021. Ocean Hospitality LLC acquired the property from Heli Hospitality for an approximate sale price of $5,000,000. The property is comprised of 119 keys and has a price per key of around $42,017. Robert Hunter from Marcus & Millichap represented the buyer and seller in this transaction.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $5,000,000 (Approx.)
- Address: 4926 Market St, Wilmington, NC
- Market: Wilmington, NC
This deal involved Ocean Hospitality LLC as the buyer and Heli Hospitality as the seller. Robert Hunter from Marcus & Millichap acted as the broker in the transaction. The property consists of 119 keys and has a sale price of approximately $5,000,000. The price per key is estimated to be around $42,017. This transaction was closed on November 18, 2021.
Wilmington Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert Hunter to view all their deals.
Browse North Carolina hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93