Lone Star Funds Acquires Hotel In Chantilly, Virginia For $47M
SOLD
$47,000,000
Virginia
See Similar DealsHotel
Sold 10/28/2021
SOLD
Lone Star Funds Acquires Hotel In Chantilly, Virginia For $47M
14750 Conference Center Drive, Chantilly, Virginia 20151, United States
See Similar DealsHotel
Sold 10/28/2021
Summary
VIRGINIA
Asset Type:Hotel
Transaction Type:Sale
The hotel located at 14750 Conference Center Drive in Chantilly, Virginia, was recently sold for a price of $47,000,000. The property, with a total of 336 keys, was acquired by Lone Star Funds, represented by Andre Collin. The seller in this transaction was Host Hotels, represented by Jim Risoleo. The hotel's per key price came to $139,881.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $47,000,000
- Address: 14750 Conference Center Drive, Chantilly, Virginia
- Buyer: Lone Star Funds - Andre Collin
- Seller: Host Hotels - Jim Risoleo
- Keys: 336
- Price per key: $139,881
Andre Collin from Lone Star Funds and Jim Risoleo from Host Hotels played key roles in this transaction as the buyer's representative and the seller, respectively.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,506,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$166,981.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$222,803.98
Annual Debt Service$2,673,647.74
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