FINANCEDHotel
Domain Companies Secures $102 Million Construction Loan For Hotel In Salt Lake City
370 South West Temple
$102,000,000
Building Size
—
Asset Type
Hotel
Closing
Mar 10, 2026
About this deal
AI
The asset involved in this transaction is a hotel located at 370 South West Temple, Salt Lake City, UT, comprising 216 keys. The loan amount for the construction of this property totals $102,000,000, facilitated by Cottonwood Group.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $102,000,000
- Lender: Cottonwood Group
- Landlord: Domain Companies
- Landlord's Representatives: Dustin Stolly, Michael Brown, Jonathan Morrow, Carter Gradwell, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, and Jason Schwartzberg - Walker & Dunlop
- Date of Transaction: 3/11/2026
This deal involves key representatives from the Landlord's side, all associated with Walker & Dunlop, who facilitated the transaction process. Their collective expertise contributed to the successful arrangement of financing for the construction of the hotel asset.
On the Map
$102,000,000
Hotel
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Players
Cottonwood GroupLender
DC
Domain CompaniesLandlord
Salt Lake City Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93