Printers Alley Investments LLC Acquires Nashville Hotel For $82.6M
210 Fourth Avenue North Nashville, Tennessee 37219, Usa
$82,600,000
$3,059/SF
Building Size
27,000 SF
Asset Type
Hotel
Closing
Jul 14, 2023
About this deal
AI
The downtown Dream Hotel in Nashville, Tennessee has been sold for $82.6 million. The hotel, located at 210 Fourth Avenue North, spans 27,000 square feet and boasts 168 keys. This translates to a price per square foot of $3,059 and a price per key of $491,667. The sale price of $82.6 million equates to an average of $491,666 per room.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $82,600,000
- Address: 210 Fourth Avenue North, Nashville, TN
- Market: Nashville, TN
- Square Footage: 27,000
- Price per Square Foot: $3,059
- Keys: 168
- Price per Key: $491,667
Printers Alley Investments LLC was the buyer in this transaction, while the seller was 4Pant LLC, represented by Alex Marks and Bill Barkley.
Players
Carman Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93