Shivam By Hpt Ihg 2 Properties Trust Acquires Hotel In Warwick, RI For $5.2M
SOLD
$5,200,000
Rhode Island
See Similar DealsHotel
Sold 09/28/2022
SOLD
Shivam By Hpt Ihg 2 Properties Trust Acquires Hotel In Warwick, RI For $5.2M
500 Kilvert Street, Warwick, Rhode Island 02886, United States
See Similar DealsHotel
Sold 09/28/2022
Summary
RHODE ISLAND
Asset Type:Hotel
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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