Case Studies – Hilton Garden Inn Washington, D.C.
Investment Overview
Total Cost
$42.0m
Debt
$28.9m
Equity
$13.1m
Equity IRR
72%
Equity Multiple
4.92
Keys
300
Cost per Key
$140,000
Investment Date
2001
Exit Date
2004
Hold Period (Months)
31
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Acquired a 300 room Hilton Garden Inn in downtown Washington, D.C.
•
Increased NOI 185% from the time of purchase to sale
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Sold the asset for approximately 200% of the original purchase price
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