Apple Hospitality REIT, Inc Acquires Fort Worth Hotel For $21.5M
2200 Charlie Lane, Fort Worth, TX 76104
$21,500,000
$346/SF
Building Size
62,060 SF
Asset Type
Hotel
Closing
Nov 18, 2021
About this deal
AI
The property involved in this transaction is a hotel located at 2200 Charlie Ln in Fort Worth. The hotel consists of 112 keys and has a price per key (PPK) of $191,964. The sale of this hotel was completed on November 18, 2021.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $21,500,000
- Address: 2200 Charlie Ln, Fort Worth
- Market: Fort Worth
- Keys: 112
- Price Per Key (PPK): $191,964
The buyer in this transaction was Apple Hospitality REIT, Inc, represented by Nelson Knight. The sale price for the hotel was $21,500,000. Nelson Knight acted as the representative for Apple Hospitality REIT, Inc in this deal.
Fort Worth 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93