Aliso Viejo Acquires Hotel In Portland, OR For $32.9M
422 Southwest Broadway, Portland, Oregon 97205, United States
$32,900,000
Building Size
—
Asset Type
Hotel
Closing
Sep 19, 2022
About this deal
AI
A hotel located at 422 SW Broadway in Portland, OR has been sold for $32,900,000. The property consists of 117 keys and has a price per square foot of $281,197. The transaction took place between the buyer, Aliso Viejo, and the seller, Pebblebrook Hotel Trust. The deal was facilitated by brokers Chris Burdett, Matthew Behrens, and Aaron Solaimani from CBRE.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $32,900,000
- Keys: 117
- Price Per Square Foot: $281,197
Chris Burdett, Matthew Behrens, and Aaron Solaimani from CBRE acted as the brokers in the transaction. They represented the buyer, Aliso Viejo, and facilitated the sale of the hotel in Portland, OR.
Players
Portland Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93