IRAS Group Acquires 277-Key San Antonio Hotel From Hunter Hotel Advisors
11605 Texas Highway 151, San Antonio, Texas 78251, United States
Building Size
—
Asset Type
Hotel
Closing
Jun 1, 2023
About this deal
AI
IRAS Group has acquired a hotel property located at 11605 State Hwy 151 & 4026 Wiseman Blvd in San Antonio. The transaction, facilitated by David Perrin of Hunter Hotel Advisors, took place on 01/06/2023.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: Not specified
- Market: San Antonio
- Keys: 277
Hunter Hotel Advisors represented the seller, while David Perrin acted as the broker on behalf of the buyer, IRAS Group.
Traded’s record for 11605 Texas Highway 151, San Antonio, Texas 78251, United States in San Antonio, Texas covers a hotel sale from 2023. 11605 Texas Highway 151, San Antonio, Texas 78251, United States is classified as Hotel on Traded. This page is the San Antonio, Texas file for the 11605 Texas Highway 151, San Antonio, Texas 78251, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same San Antonio sit in the Market section below. Filter that San Antonio hotel set by closing date to see what else sold near 11605 Texas Highway 151, San Antonio, Texas 78251, United States around 2023. Cite this IRAS Group Acquires 277-Key San Antonio Hotel From Hunter Hotel Advisors sale when underwriting similar hotel product around San Antonio, Texas.
On the Map
Hotel
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San Antonio Hotel Market Snapshot
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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