Lone Star Funds Acquires Hotel In Chantilly, Virginia For $47M
14750 Conference Center Drive, Chantilly, Virginia 20151, United States
$47,000,000
Building Size
—
Asset Type
Hotel
Closing
Oct 27, 2021
AI
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
Chantilly Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93