Active
The Prescottonian
A Prescott, Arizona landmark, the Prescottonian hotel is known for personalized service, great value and an unbeatable location.
This property is an off market deal. The underlying fundamentals of the area, the cashflow, and the market are ideal. This property was put under contract at the lowest point of the hotel market cycle (the first time in 10 years that the market declined), at a very strong double digit cap rate. As the market rebounds, we expect to make high amounts of appreciation, while receiving good cashflows.
Key Points
TypeHotel
Detail126 Rooms
CoC Yield 21.38%
Return/year N/A
Equity Mltpl N/A
Cost $11.6M
Investment Summary
Down Payment$3,861,000.00
Purchase price$11,600,000
Debt$7,860,000
Total cost$11,721,000.00
Income$3,439,839.00
Expense$2,112,342.00
NOI$1,327,497.00
CoC Return21.38%
*Recent purchase (closed July 2022)
