facebook

traded

+ Submit
Home

/

Deals

/

Utah

/

Hotel

/

Loan

/

1895 Sidewinder Drive

Driftwood Capital Refinances Park City Hotel With $33M Loan From Goldman Sachs
FINANCEDHotel

Driftwood Capital Refinances Park City Hotel With $33M Loan From Goldman Sachs

1895 Sidewinder Drive

$33,000,000

Building Size

Asset Type

Hotel

Closing

Apr 12, 2024

AI

Located at 1895 Sidewinder Drive in Park City, Utah, the asset involved in the transaction is a Hotel. The loan amount for the refinancing is $33,000,000 with a 5-Year Term and Full-Term IO.

Summary of transaction details:

The individuals and companies involved in this transaction include Scott Wadler, Alec Fox, Michael Weinberg, and Edmund Aramayo representing Berkadia in the deal.

Players

Michael Weinberg

Berkadia

Broker

$933.1M

vol

21 deals

Broker
Goldman Sachs
Goldman SachsLender

Park City Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93