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18200 Interstate 45 South, ...

K&K Hotel Group Secures $15.3M Construction Loan From HALL Structured Finance For Shenandoah Hotel
FINANCEDHotel

K&K Hotel Group Secures $15.3M Construction Loan From HALL Structured Finance For Shenandoah Hotel

18200 Interstate 45 South, Shenandoah, Texas 77384, United States

$15,300,000

Building Size

Asset Type

Hotel

Closing

Sep 1, 2022

AI

The K&K Hotel Group has secured a $15,300,000 construction loan from HALL Structured Finance for the development of a hotel property located at 18200 I-45 in Shenandoah. The hotel will consist of 106 rooms and is set to be a significant addition to the market.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $15,300,000
  • Address: 18200 I-45, Shenandoah
  • Market: Shenandoah
  • Keys: 106

The loan was facilitated by Matt Mitchell of HALL Structured Finance, acting as the broker for the K&K Hotel Group. Through this partnership, the group will be able to complete the construction of the hotel and bring their vision to life.

Players

Matt Mitchell

Hall Structured Finance

Broker

$393.1M

vol

7 deals

Broker
HALL Structured Finance
HALL Structured FinanceLender

Conroe Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93