Understanding Commercial Real Estate Valuations Amidst Market Dynamics
- Posted by kalyani
- On June 12, 2024
- 0 Comments
Source: CoStar
Cap Rate | Q1 2024 | Q4 2023 | Difference (bps) |
Minimum | 6.29% | 5.98% | 31 |
Maximum | 16.35% | 16.28% | 7 |
Average | 10.85% | 10.64% | 21 |
2. Hotel Name: Hampton Inn & Home2 Suites by Hilton New York Times Square
Location: New York City, NY
No. of rooms: 646
Sale Price: $290,000,000
Price per unit: $448,916 per unit
Seller: McSam Hotel Group
Buyer: Dauntless Capital Partners
Cap Rate | Q3 2023 | Q2 2023 | Difference (bps) |
Minimum | 5.65% | 5.72% | -7 |
Maximum | 16.16% | 16.12% | 4 |
Average | 10.53% | 10.57% | -4 |