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ANZ Hospitality Acquires Sheraton Great Valley Hotel In Frazer For $11.9M
SOLD
$11,900,000
Pennsylvania
See Similar DealsHotel
Sold 01/11/2024
SOLD
ANZ Hospitality Acquires Sheraton Great Valley Hotel In Frazer For $11.9M
707 Lancaster Avenue
See Similar DealsHotel
Sold 01/11/2024
Summary
PENNSYLVANIA
Asset Type:Hotel
Transaction Type:Sale
ANZ Hospitality LLC, a Malvern-based hospitality company, has acquired the Sheraton Great Valley Hotel in Frazer, PA for $11.9 million. This acquisition marks ANZ Hospitality's second Sheraton hotel purchase in the region. The Sheraton Great Valley Hotel is located at 707 Lancaster Avenue and is a prominent asset in the hotel market of Frazer. The hotel comprises 193 keys, with a price per key of $61,658.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $11,900,000
- Address: 707 Lancaster Avenue - Sheraton Great Valley Hotel, Frazer, PA
- Market: Frazer, PA
Chirag Patel, representing ANZ Hospitality, facilitated the acquisition of the Sheraton Great Valley Hotel. On the other hand, Kenneth Kochenour, from GF Management, acted as the seller's representative in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$634,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,278.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,412.07
Annual Debt Service$676,944.85
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