Updated Oct 28, 2024
Shivam By Hpt Ihg 2 Properties Trust Acquires Hotel In Warwick, RI For $5.2M
500 Kilvert Street, Warwick, Rhode Island 02886, United States
$5,200,000
Building Size
—
Asset Type
Hotel
Closing
Sep 27, 2022
About this deal
AI
A hotel located at 500 Kilvert St in Warwick, RI has been sold. The transaction took place on September 28, 2022, and the asset type is a hotel. The buyer of the property is Shivam by Hpt Ihg 2 Properties Trust. The sale price for the hotel was $5,200,000.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $5,200,000
Shivam by Hpt Ihg 2 Properties Trust was the buyer in this deal. They represented themselves in the transaction.
The hotel sale at 500 Kilvert Street, Warwick, Rhode Island 02886, United States in Warwick, Rhode Island sold for $5.2M in 2022. 500 Kilvert Street, Warwick, Rhode Island 02886, United States is classified as Hotel on Traded. This page is the Warwick, Rhode Island file for the 500 Kilvert Street, Warwick, Rhode Island 02886, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Warwick sit in the Market section below. Filter that Warwick hotel set by closing date to see what else sold near 500 Kilvert Street, Warwick, Rhode Island 02886, United States around 2022. Published consideration for 500 Kilvert Street, Warwick, Rhode Island 02886, United States is $5.2M, dated 2022. Cite this Shivam By Hpt Ihg 2 Properties Trust Acquires Hotel In Warwick, RI For $5.2M sale when underwriting similar hotel product around Warwick, Rhode Island.
Players
Warwick 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93