Marcus & Millichap Represents Sale Of 72,896 SF Hotel In San Antonio
19280 Redland Road, San Antonio, TX 78259, USA
Building Size
72,896 SF
Asset Type
Hotel
Closing
Jul 7, 2020
About this deal
AI
A hotel located at 19280 Redland Road in San Antonio has been sold in a recent transaction. The sale was facilitated by Allan Miller and Chris Gomes of Marcus & Millichap. The transaction took place on July 7, 2021. The hotel, spanning 72,896 square feet, was sold for an undisclosed amount. The property includes 111 keys.
Summary of Transaction Details
- Property Type: Hotel
- Transaction Date: July 7, 2021
- Address: 19280 Redland Road
- Market: San Antonio
- Keys: 111
- Square Footage: 72,896
Allan Miller and Chris Gomes, representing Marcus & Millichap, acted as the brokers in this transaction.
Players
San Antonio Hotel Market Snapshot
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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