RLJ Lodging Trust Acquires Hotel In Nashville, TN For $59M
221 2nd Avenue North, Nashville, Tennessee 37201, United States
$59,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 2, 2022
About this deal
AI
The Hotel located at 221 2nd Ave N in Nashville, TN has been sold in a transaction on 08/01/2022. The property was acquired by RLJ Lodging Trust for a sale price of $59,000,000. The hotel features a total of 124 keys, resulting in a price per key of $475,806.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $59,000,000
- Keys: 124
- Price Per Key: $475,806
RLJ Lodging Trust acted as the buyer in this transaction.
The hotel sale at 221 2nd Avenue North, Nashville, Tennessee 37201, United States in Nashville-Davidson, Tennessee sold for $59M in 2022. 221 2nd Avenue North, Nashville, Tennessee 37201, United States is classified as Hotel on Traded. This page is the Nashville-Davidson, Tennessee file for the 221 2nd Avenue North, Nashville, Tennessee 37201, 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 221 2nd Avenue North, Nashville, Tennessee 37201, United States around 2022. Published consideration for 221 2nd Avenue North, Nashville, Tennessee 37201, United States is $59M, dated 2022. Cite this RLJ Lodging Trust Acquires Hotel In Nashville, TN For $59M sale when underwriting similar hotel product around Nashville-Davidson, Tennessee.
Players
Nashville-Davidson 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93