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Peachtree Hotel Group LLC Acquires Homewood Suites By Hilton Nashville Vanderbilt For $88M
SOLD
$88,000,000
Tennessee
See Similar DealsHotel
Sold 07/05/2023
SOLD
Peachtree Hotel Group LLC Acquires Homewood Suites By Hilton Nashville Vanderbilt For $88M
2400 West End Avenue Nashville, Tennessee 37203, USA
See Similar DealsHotel
Sold 07/05/2023
Summary
TENNESSEE
Asset Type:Hotel
Transaction Type:Sale
Homewood Suites by Hilton Nashville Vanderbilt, a hotel located at 2400 West End Avenue in West End, Nashville, has been sold for $88 million. The buyer, an LLC affiliated with Atlanta-based Peachtree Hotel Group LLC, a private equity firm, acquired the property.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $88,000,000
- Address: 2400 West End Avenue, Nashville, TN
- Market: Nashville, TN
- Buyer: Affiliate of Peachtree Hotel Group LLC
Peachtree Hotel Group LLC, based in Atlanta, is a private equity firm with a diverse portfolio that includes well-known hotel brands such as Hilton, Marriott, and IHG.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$312,645.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$417,164.90
Annual Debt Service$5,005,978.75
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