STREAM Capital Partners > Properties > All Properties > Hotel Sale Leaseback

Hotel Sale Leaseback

Sale Leaseback

Current Rent:
$7,054,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Rent Increases:
2.5% Annual

Investment Highlights

  • Absolute NNN Lease: Long term (20-year) absolute triple net lease with 2.5% annual rent increases
  • Opportunity for Value Acquisition Below Replacement Cost: Acquisition price per key significantly below typical hotel construction cost of $135,000/key
  • Proven Private Equity Sponsor: Sponsor has built a similar workforce housing platform, resulting in a successful exit to a publicly traded company
  • Contractual Relationships Ensure Strong Occupancy Rates: ~2-year contractual commitments from leading blue-chip companies, resulting in an 87% in-place occupancy rate
  • Robust Investment Partnership with Large Sponsor Backing: Partnership with one of the largest asset managers in the world with over $125 million of cash equity invested in the business
Current Rent:
$7,054,000
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-Year
Rent Increases:
2.5% Annual

Listing Agents

Jonathan Wolfe

Managing Principal
312.310.2798[email protected]

Daniel Macks

Managing Director
847 420 2116[email protected]

Broker of Record: Kyler Bean, Lic. #646910

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