FINANCEDHotel
Jake Wurzak & Charles Paloux Of DoveHill Capital Management Secure $42 Million Refinance Loan For Hotel In Reston
11810 Sunrise Valley Drive
$42,000,000
Building Size
—
Asset Type
Hotel
Closing
Jul 21, 2025
AI
The asset involved in this transaction is a hotel property located at 11810 Sunrise Valley Drive in Reston, consisting of 302 keys.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $42,000,000
- Loan Type: Refinance
- Loan Terms: Floating rate loan
- Lender: Bridge Investment Group
- Landlord: Jake Wurzak & Charles Paloux - DoveHill Capital Management
- Brokers: Scott Wadler, Alec Fox & Harry Mancera - Berkadia
This transaction involves key individuals such as Jake Wurzak and Charles Paloux, who represent the landlord, while Scott Wadler, Alec Fox, and Harry Mancera serve as brokers from Berkadia, facilitating the deal.
Players
Reston 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93