Apple Hospitality REIT, Inc Acquires Hotel In Fort Worth For $29.5M
912 Northton Street, Fort Worth, TX, USA
$29,500,000
$450/SF
Building Size
65,540 SF
Asset Type
Hotel
Closing
Nov 18, 2021
About this deal
AI
The hotel located at 912 Northton St in Fort Worth has been sold. The property, owned by Apple Hospitality REIT, Inc and represented by Nelson Knight, was sold on 11/18/2021 for a price of $29,500,000. The hotel consists of 157 keys and has a price per key (PPK) of $187,898.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $29,500,000
- Number of Keys: 157
- Price Per Key (PPK): $187,898
- Date of Sale: 11/18/2021
- Address: 912 Northton St, Fort Worth
- Market: Fort Worth
The buyer of the property was Apple Hospitality REIT, Inc, represented by Nelson Knight.
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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93