Updated Oct 29, 2024
Pebblebrook Hotel Sells Seattle Hotel For $63.3M
1101 4th Avenue Seattle, Washington 98101, Usa
$63,300,000
Units
189
Asset Type
Hotel
Closing
May 11, 2023
About this deal
AI
The Hotel located at 1101 4th Avenue in Seattle, WA has been sold. The property was sold by Pebblebrook Hotel. The sale took place on 05/11/2023.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $63,300,000
- Units: 189
- Price Per Unit: $334,921
CBRE represented the seller, Pebblebrook Hotel, in this transaction.
The hotel sale at 1101 4th Avenue Seattle, Washington 98101, Usa in Coraopolis, Washington sold for $63.3M in 2023. Reported inventory is 189 units across 189 units. This page is the Coraopolis, Washington file for the 1101 4th Avenue Seattle, Washington 98101, Usa hotel sold: pricing, party profiles, and other closed hotel comps from the same Coraopolis sit in the Market section below. Filter that Coraopolis hotel set by closing date to see what else sold near 1101 4th Avenue Seattle, Washington 98101, Usa around 2023. Published consideration for 1101 4th Avenue Seattle, Washington 98101, Usa is $63.3M, dated 2023. Cite this Pebblebrook Hotel Sells Seattle Hotel For $63.3M sale when underwriting similar hotel product around Coraopolis, Washington.
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Coraopolis Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93