SOLDHotel
MCR Acquires Plano Hotel On E President George Bush Hwy For 261 Keys
1805 East President George Bush Highway, Plano, TX, USA
Building Size
—
Asset Type
Hotel
Closing
Jul 14, 2020
About this deal
AI
A hotel located at 1805 E President George Bush Hwy & 1705 E President George Bush Hwy in Plano has been sold. The transaction took place on July 14, 2021. The hotel, which is an asset type, was sold for an undisclosed amount. It consists of 261 keys.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Date: 07/14/2021
- Address: 1805 E President George Bush Hwy & 1705 E President George Bush Hwy
- Market: Plano
- Keys: 261
The buyer for this hotel is MCR.
Players
Plano 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