Updated Oct 29, 2024
Ignite Hotel Acquires Bellevue, WA Hotel For $28M
14632 Southeast Eastgate Way Bellevue, Washington 98007, USA
$28,000,000
$277/SF
Building Size
101,000 SF
Asset Type
Hotel
Closing
May 15, 2023
About this deal
AI
The hotel located at 14632 Southeast Eastgate Way in Bellevue, WA was recently sold for a total of $28,000,000. This sale took place on May 15, 2023, and the property has a total square footage of 101,000. The price per square foot for this transaction was $277.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $28,000,000
- Address: 14632 Southeast Eastgate Way
- Market: Bellevue, WA
- Square Footage: 101,000
- Price Per Square Foot: $277
The buyer of this property was Ignite Hotel.
Players
Bellevue 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93