NewcrestImage & Hospitality Capital Partners Acquires Hotel Portfolio In United States For $137.3M
Texas, United States
$137,300,000
Building Size
—
Asset Type
Hotel
Closing
Mar 27, 2023
About this deal
AI
The Hotel Portfolio located in the United States has been sold for a total price of $137,300,000. The property consists of 2,155 keys, resulting in a price per key of $63,712. The sale was successfully completed on March 27, 2023. The transaction involved the buyer, NewcrestImage & Hospitality Capital Partners, and the seller, Service Properties Trust. The sale was facilitated by brokers Al Calhoun & Mark Fair from CBRE.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $137,300,000
- Address: Hotel Portfolio
- Market: United States
- Keys: 2,155
- Price per Key: $63,712
The buyer, NewcrestImage & Hospitality Capital Partners, and the seller, Service Properties Trust, successfully closed the deal for the Hotel Portfolio. The transaction was facilitated by brokers Al Calhoun & Mark Fair from CBRE.
Players
Blanket 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93