Aliso Viejo Acquires Hotel In Portland, OR For $32.9M
SOLD
$32,900,000
Oregon
See Similar DealsHotel
Sold 09/20/2022
SOLD
Aliso Viejo Acquires Hotel In Portland, OR For $32.9M
422 Southwest Broadway, Portland, Oregon 97205, United States
See Similar DealsHotel
Sold 09/20/2022
Summary
OREGON
Asset Type:Hotel
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,754,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$116,886.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$155,962.78
Annual Debt Service$1,871,553.42
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