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

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.

Players

IG

IRAS GroupBuyer

San Antonio Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

Loading comparables…

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