Texas-based Hotel Investment Group Acquires Sonesta Select Dallas Central Expressway From Service Properties Trust
10325 North Central Expressway
Building Size
—
Asset Type
Hotel
Closing
Aug 6, 2025
About this deal
AI
The 160-room Sonesta Select – Dallas Central Expressway is located at 10325 North Central Expressway in the Dallas market. This property is classified as a hotel asset and was recently sold to a Texas-based hotel investment group.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 10325 North Central Expressway
- Market: Dallas
- Asset Keys: 160
- Seller: Chris Bilotto - Service Properties Trust (SVC)
- Broker Representatives: Monty Levy, Scott Stephens, Mark Rome & Dan Miller - HREC Investment Advisors
HREC Investment Advisors facilitated the transaction, navigating a challenging lending environment on behalf of Service Properties Trust (SVC). The buyer plans to undertake a major renovation of the property following the acquisition.
Players
Dallas 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