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Ashford Hospitality Trust Acquires Hotel In Boston, MA For $98M

40 Dalton Street
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This Hotel property located in MA received a loan of $98,000,000 over 2 years ago. The broker of the deal was Robert Douglas

The hotel located at 40 Dalton St in Boston, MA was involved in a closed property transaction. The property is owned by Ashford Hospitality Trust and the landlord representative in the deal is Monty Bennett. The deal was brokered by Robert Douglas.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $98,000,000
  • Loan Term: non-recourse loan, four-year initial term with a one-year extension option, floating interest rate of LIBOR + 3.80%
  • Keys: 390

The loan amount for the transaction was $98,000,000. The loan term is a non-recourse loan with a four-year initial term and a one-year extension option. The interest rate is floating and is based on LIBOR + 3.80%.

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  • Location
    40 Dalton Street, Boston, MA, USA40 Dalton Street, Boston, MA, USA
  • Loan Value
    $98,000,000$98,000,000
  • Asset Type
    HotelHotel
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Robert Douglas

Robert Douglas

Deals1
Financed$98M

Agency

Re/Max

Re/Max

Agency
Deals480
Volume$2.2B

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Deal Summary

LOAN IMAGE: Monty Bennett DATE: 08/26/2021 ADDRESS: 40 Dalton St MARKET: Boston, MA ASSET TYPE: Hotel KEYS: 390 LANDLORD: Ashford Hospitality Trust - Monty Bennett BROKER: Robert Douglas LOAN AMOUNT: $98,000,000 LOAN TERM: non-recourse loan, four-year initial term with a one-year extension option, floating interest rate of LIBOR + 3.80%.

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40 Dalton Street

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