Flash Alert: Treasury and IRS Release Proposed Regulations on Previously Taxed Earnings and Profits (PTEP)
- Posted by admin
- On December 6, 2024
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2. Hotel Name: Embassy Suites by Hilton Nashville Downtown
Location: Nashville, TN
No. of rooms: 506
Sale Price: $347,200,000
Price per unit: $686,166 per unit
Seller: Crescent Real Estate LLC
Buyer: Host Hotels & Resorts, Inc.
3. Hotel Name: Hyatt Regency San Antonio Riverwalk
Location: San Antonio, TX
No. of rooms: 630
Sale Price: $230,000,000
Price per unit: $365,079 per unit
Seller: Hyatt Hotels Corporation
Buyer: Sunstone Hotel Partnership
4. Hotel Name: 1 Hotel Nashville
Location: Nashville, TN
No. of rooms: 215
Sale Price: $182,800,000
Price per unit: $850,233 per unit
Seller: Crescent Real Estate LLC
Buyer: Host Hotels & Resorts, Inc.
Source: CoStar
Cap Rate | Q2 2024 | Q1 2023 | Difference (bps) |
Minimum | 6.18% | 6.29% | -11 |
Maximum | 16.30% | 16.35% | -5 |
Average | 10.75% | 10.85% | -10 |
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