Purchase price per seller of $67,000,000, plus the buyer paid 3% real estate commission
Please inquire
Occupancy
95.3%
ADR
$153.30
Room Revenue
$ 9,482,935
Other Listed Revenue: Total
1,810,098
Total Revenue
$11,293,033
Total Expenses
$ 6,555,217
Net Income
$ 4,737,816
Cap Rate based on Purchase Price of $67M
7.07%
The Embassy Suites has 178 all-suites, which opened on May 15, 2022. As the trailing
12-month statement ending November 30, 2023, indicates a cap rate of 7.07%.
based on the selling price of $67 million. However, as you can see, the net operating income
has continued to increase each month. If we take the last 6 months of the net income
on the trailing 12 months ending November 30, 2023, which was $2,526,615 as
indicated on the statement and knowing that each month’s net income is increasing
and if we assume that, then doubling the $2,526,615 that the next 6 months will exceed
the first 6 months of $2,211,201, then doubling the $2,526,615 seems financially
realistic. Doubling $2,526,615 equals $5,053,230. If we project the $5,053,230 based
The purchase price of $67,000,000 would equal a cap rate of 7.54%
