Choice Hotels International, Inc Sells Hotel On 8th Ave S In Nashville For $109.5M
118 8th Avenue South, Nashville, Tennessee 37203, United States
$109,500,000
Building Size
—
Asset Type
Hotel
Closing
Jul 27, 2022
About this deal
AI
A hotel located at 118 8th Ave S in Nashville, TN has been sold for a total price of $109,500,000. The property was acquired by Choice Hotels International, Inc, represented by Scott Oaksmith.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: $109,500,000
- Seller: Choice Hotels International, Inc - Scott Oaksmith
Scott Oaksmith, representing Choice Hotels International, Inc, was the buyer in this hotel transaction.
The hotel sale at 118 8th Avenue South, Nashville, Tennessee 37203, United States in Nashville-Davidson, Tennessee sold for $109.5M in 2022. 118 8th Avenue South, Nashville, Tennessee 37203, United States is classified as Hotel on Traded. Named participants on the 118 8th Avenue South, Nashville, Tennessee 37203, United States sale are Scott Oaksmith. This page is the Nashville-Davidson, Tennessee file for the 118 8th Avenue South, Nashville, Tennessee 37203, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Nashville-Davidson sit in the Market section below. Filter that Nashville-Davidson hotel set by closing date to see what else sold near 118 8th Avenue South, Nashville, Tennessee 37203, United States around 2022. Published consideration for 118 8th Avenue South, Nashville, Tennessee 37203, United States is $109.5M, dated 2022. Cite this Choice Hotels International, Inc Sells Hotel On 8th Ave S In Nashville For $109.5M sale when underwriting similar hotel product around Nashville-Davidson, Tennessee.
Players
Nashville-Davidson Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse Nashville-Davidson hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93