SOLDHotel
Lone Star Funds Acquires Hotel In Frisco From Western Securities
1549 Legacy Drive, Frisco, Texas 75034, United States
Building Size
—
Asset Type
Hotel
Closing
Jun 15, 2022
AI
The property involved in the transaction is a hotel located at 1549 Legacy Dr & 5444 State Highway 121 in Frisco. The sale took place on 06/16/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Buyer: Lone Star Funds - John P. Grayken & William Young
- Seller: Western Securities
Lone Star Funds, represented by John P. Grayken & William Young, was the buyer in this transaction. On the selling side, Western Securities was the seller.
Frisco 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