Door Capital Partners Acquires Cedar Park Hotel With Mortgage Brokers JLL
1010 East Whitestone Boulevard, Cedar Park, Texas 78613, United States
Building Size
37,605 SF
Asset Type
Hotel
Closing
Apr 19, 2022
About this deal
AI
A hotel located at 1010 E Whitestone Blvd in Cedar Park has been sold. The property, with 75 keys, was sold by an undisclosed seller to Door Capital Partners. The transaction took place on April 20, 2022. The sale was facilitated by mortgage brokers C.W. Sheehan, Matt Ctvrtlik, and Hunt Wood from JLL.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 1010 E Whitestone Blvd
- Market: Cedar Park
The hotel, with 75 keys, located at 1010 E Whitestone Blvd in Cedar Park, was successfully sold to Door Capital Partners on April 20, 2022. C.W. Sheehan, Matt Ctvrtlik, and Hunt Wood from JLL served as the mortgage brokers for the transaction.
Players
Cedar Park Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93