San Diego Investor Acquires 106-Key Home2 Suites By Hilton San Antonio From Institutional Seller
Texas
See Similar DealsSan Diego Investor Acquires 106-Key Home2 Suites By Hilton San Antonio From Institutional Seller
1807 North Loop 1604 East
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The 106-key Home2 Suites by Hilton San Antonio North Stone Oak is a hotel property located at 1807 North Loop 1604 East in the San Antonio market. The asset was sold by an institutional seller to a San Diego-based investor, facilitating a transaction of significance within the hospitality sector.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 1807 North Loop 1604 East
- Market: San Antonio
- Asset Keys: 106
- Brokers: Kami Burnette & Mason McDavid - Hunter Hotel Advisors
- Mortgage Broker: Adeel Amin - Hunter Hotel Advisors
The deal was brokered by Hunter Hotel Advisors, which also arranged CMBS financing. The financing featured a fixed 7.37% interest-only rate and an 11.5% debt yield. This enabled the buyer to utilize 1031 exchange proceeds for investment into the extended-stay asset.
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