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
About this deal
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.
Traded’s record for 1549 Legacy Drive, Frisco, Texas 75034, United States in Frisco, Texas covers a hotel sale from 2022. 1549 Legacy Drive, Frisco, Texas 75034, United States is classified as Hotel on Traded. Named participants on the 1549 Legacy Drive, Frisco, Texas 75034, United States sale are John P. Grayken. This page is the Frisco, Texas file for the 1549 Legacy Drive, Frisco, Texas 75034, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Frisco sit in the Market section below. Filter that Frisco hotel set by closing date to see what else sold near 1549 Legacy Drive, Frisco, Texas 75034, United States around 2022. Cite this Lone Star Funds Acquires Hotel In Frisco From Western Securities sale when underwriting similar hotel product around Frisco, Texas.
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