Sale Of 1933 Austins Colony Pkwy In Bryan For $9.9M With Seller's Rep Keith Worsham
1933 Austins Colony Pkwy, Bryan, TX...
$9,900,000
Building Size
—
Asset Type
Hotel
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is the Tru by Hilton Bryan College Station, a 98-room hotel situated at 1933 Austins Colony Pkwy, Bryan, TX. It was sold for $9,900,000.00 and encompasses 0 square feet, set on 2.6 acres. Built in 2018, the hotel features amenities such as a fitness center, children's play area, meeting and event space, and a lobby bar/lounge, and it is located near the Texas A&M University campus.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $9,900,000.00
- Address: 1933 Austins Colony Pkwy, Bryan, TX
- Market: Bryan
- Seller's Representative: Keith Worsham
- Buyer: Undisclosed
- Year Built: 2018
- Land Area: 2.6 acres
- Rooms: 98
Keith Worsham of Hilco Real Estate represented the seller, Wealth Hospitality, in the transaction. The identity of the buyer remains undisclosed.
Players
Bryan 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93