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Texas-based Hotel Investment Group Acquires Sonesta Select Dallas Central Expressway From Service Properties Trust
SOLD
Texas
See Similar DealsHotel
Sold 08/06/2025
SOLD
Texas-based Hotel Investment Group Acquires Sonesta Select Dallas Central Expressway From Service Properties Trust
10325 North Central Expressway
See Similar DealsHotel
Sold 08/06/2025
Summary
TEXAS
Asset Type:Hotel
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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