FINANCED
Ashford Hospitality Trust Acquires Hotel In Boston, MA For $98M
40 Dalton Street
Hotel
1,456 SF
1,456 SF
Financed 1 year ago
Summary
Loan
MASSACHUSETTS
Hotel
1,456 sqft
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%.
Players
All
2
Agents
1
Agencies
1
Details
FINANCED
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%.View on map
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Address40 Dalton Street
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