Doyle Graham Jr. Of Valencia Hotel Secures $22.6M Loan From Goldman Sachs For Hotel Valencia

The transaction involved the leasehold interest in the 213-room Hotel Valencia Riverwalk located at 150 East Houston Street in San Antonio. The property is classified as a hotel asset and was financed through a loan amounting to $22,600,000 with terms set for five years.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $22,600,000
• Address: 150 East Houston Street
• Market: San Antonio
• Lender: Goldman Sachs
• Landlord: Doyle Graham Jr. - Valencia Hotel
• Brokers: David N. Sonnenblick & Patrick Brown - Sonnenblick-Eichner Co.
• Occupancy Rate: 60% in 2023
• Net Cash Flow: $2.4M
• Debt Yield: 10.5%

Sonnenblick-Eichner arranged the loan from Goldman Sachs to facilitate the retirement of a maturing $23.62M CMBS loan for the Valencia Hotel Group, the landlord of the property involved in this transaction.