Summit Hotel Properties REIT Acquires 11-Key Hotel In Fredericksburg, TX
173 Basse Lane, Fredericksburg, Texas 78624, United States
Building Size
—
Asset Type
Hotel
Closing
Nov 14, 2022
About this deal
AI
Summit Hotel Properties REIT, represented by Jon Stanner, has acquired an 11-key hotel located at 173 Basse Lane in Fredericksburg, TX. The transaction took place on November 14, 2022.
Summary of Transaction Details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 173 Basse Lane, Fredericksburg, TX
- Market: Fredericksburg, TX
- Keys: 11
Jon Stanner acted as the representative for Summit Hotel Properties REIT in this acquisition deal.
Traded’s record for 173 Basse Lane, Fredericksburg, Texas 78624, United States in Fredericksburg, Texas covers a hotel sale from 2022. 173 Basse Lane, Fredericksburg, Texas 78624, United States is classified as Hotel on Traded. This page is the Fredericksburg, Texas file for the 173 Basse Lane, Fredericksburg, Texas 78624, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Fredericksburg sit in the Market section below. Filter that Fredericksburg hotel set by closing date to see what else sold near 173 Basse Lane, Fredericksburg, Texas 78624, United States around 2022. Cite this Summit Hotel Properties REIT Acquires 11-Key Hotel In Fredericksburg, TX sale when underwriting similar hotel product around Fredericksburg, Texas.
Players
Fredericksburg Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
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