Lark Hotels Secures $5.2M Loan From BankRI For Stowe, VT Hotel
433 Mountain Road, Stowe, Vermont 05672, United States
$5,200,000
$53/SF
Building Size
98,010 SF
Asset Type
Hotel
Closing
Dec 17, 2021
About this deal
AI
Located at 433 Mountain Rd in Stowe, VT, this hotel property was recently involved in a closed transaction. The property is owned by Lark Hotels and consists of 30 keys, offering comfortable accommodations to guests. The transaction took place on December 17, 2021.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $5,200,000
- Address: 433 Mountain Rd, Stowe, VT
- Market: Stowe, VT
- Landlord: Lark Hotels
In this transaction, BankRI, represented by Jane Long, acted as the lender for the loan amount of $5,200,000. Jane Long also represented Lark Hotels as their representative in this deal.
Players
Stowe 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93