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Alliance Bank Central Texas Lends Loan For Hotel At 1010 E Whitestone Blvd, Cedar Park

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Texas

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Alliance Bank Central Texas Lends Loan For Hotel At 1010 E Whitestone Blvd, Cedar Park

1010 E Whitestone BLVD, Cedar Park...

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Summary

TEXAS
Asset Type:Hotel
Transaction Type:Loan

La Quinta Inn & Suites by Wyndham is a 75-key hotel located at 1010 E. Whitestone Boulevard in Cedar Park, Texas. Completed in 2009, the hotel sits on 4.02 acres and offers a mix of traditional guest rooms and suites. The property features amenities such as a fitness center, indoor pool, mobile check-in, complimentary breakfast, and 625 square feet of meeting space.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not specified
  • Address: 1010 E Whitestone BLVD, Cedar Park
  • Market: Cedar Park
  • Borrower's Rep: Matthew Ctvrtlik (JLL)
  • Lender: Alliance Bank Central Texas
  • Acquisition Financing: JLL Capital Markets arranged the five-year, fixed-rate loan for La Quinta Inn & Suites by Wyndham on behalf of the borrower, Door Capital Partners.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director CW Sheehan and Analysts Matt Ctvrtlik and Hunt Wood.

Players

Matthew Ctvrtlik
2 deals
BROKER

Alliance Bank Central Texas
LENDER

Details

FINANCED
IMAGE: 1010 E Whitestone BLVD, Cedar Park... MARKET: Cedar Park ASSET TYPE: Hotel BORROWER'S REP: Matthew Ctvrtlik(JLL) LENDER: Alliance Bank Central Texas

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Deal Type
Debt Service Coverage Ratio (DSCR)

0.00x

Max Loan Amount

$0.00

Monthly NOI$0.00
Monthly Debt Service$0.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00