Chatham Lodging Trust Acquires Austin Hotel From Texas Western Hospitality For $71.2M
SOLD
$71,200,000
Texas
See Similar DealsHotel
Sold 08/04/2020
SOLD
Chatham Lodging Trust Acquires Austin Hotel From Texas Western Hospitality For $71.2M
11301 Burnet Road, Austin, TX, USA
See Similar DealsHotel
Sold 08/04/2020
Summary
TEXAS
Asset Type:Hotel
Transaction Type:Sale
A hotel located at 11301 Burnet Road and 2237 W Braker Ln in Austin has been sold for a price of $71,200,000. Texas Western Hospitality was the seller in this transaction, while the buyer was Chatham Lodging Trust, represented by Jeffrey Fisher. The hotel consists of 269 keys, with a price per key of $264,684.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $71,200,000
- Address: 11301 Burnet Road & 2237 W Braker Ln, Austin
- Market: Austin
- Seller: Texas Western Hospitality
- Buyer: Chatham Lodging Trust - Jeffrey Fisher
- Keys: 269
- Price Per Key: $264,684
Gene Carter, Michael H. Mahoney, and Jeffrey Fisher were involved in the sale of this hotel property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,797,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$252,958.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$337,524.32
Annual Debt Service$4,050,291.89
Is there something missing? Send suggestions