FINANCED
Sonnenblick-Eichner Co. Arranges $19.5M Senior Loan For Texican Court Hotel
501 West Las Colinas Boulevard - Texican Court
Hotel
Financed 28 days ago
Summary
Loan
TEXAS
Hotel
The Texican Court hotel, located at 501 West Las Colinas Boulevard in Irving, is an asset valued at $47.3 million. The hotel features retro styling and various amenities, such as meeting spaces, a fitness center, and a swimming pool. It generates $113.57 in revenue per available room.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $19,500,000
- Lender: Goldman Sachs
- Landlord: Doyle A. Graham, Jr - Valencia Hotel Group
- Broker: Patrick Brown - Sonnenblick-Eichner Co.
- Loan Type: Senior Loan
- Loan Terms: Interest-only payments with a coupon of 7.74 percent for five years
Sonnenblick-Eichner Co., represented by Patrick Brown, facilitated a $19.5 million senior loan from Goldman Sachs for the acquisition of the Texican Court hotel in Irving.
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All
2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Doyle A. Graham, Jr & Patrick Brown
DATE: 04/02/2024
ADDRESS: 501 West Las Colinas Boulevard - Texican Court
MARKET: Irving
ASSET TYPE: Hotel
LENDER: Goldman Sachs (@GoldmanSachs)
LANDLORD: Doyle A. Graham, Jr - Valencia Hotel Group
BROKER: Patrick Brown - Sonnenblick-Eichner Co.
LOAN AMOUNT: $19,500,000
LOAN TYPE: Senior Loan
LOAN TERMS: only interest payments for its five-year term and pays a coupon of 7.74 percent
NOTE: Sonnenblick-Eichner Co. arranges a $19.5 million senior loan from Goldman Sachs for Irving's Texican Court hotel, offering a five-year term with interest-only payments. The hotel, valued at $47.3 million, boasts retro styling and amenities such as meeting spaces, a fitness center, and a swimming pool, generating $113.57 revenue per available room.View on map
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Address501 West Las Colinas Boulevard - Texican Court
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