Napali Capital Acquires Hotel In Dallas With Thomas Black
1949 North Stemmons Freeway, Dallas, TX 75207
Building Size
89,000 SF
Asset Type
Hotel
Closing
Jul 30, 2020
About this deal
AI
The hotel located at 1949 N Stemmons Fwy in Dallas has been sold in a closed transaction. The sale took place on 07/30/2021. The property is a 152-key hotel.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not provided
- Address: 1949 N Stemmons Fwy
- Market: Dallas
- Keys: 152
Napali Capital, represented by Thomas Black, has acquired the hotel. The buyer, Napali Capital, is a real estate investment firm.
Traded’s record for 1949 North Stemmons Freeway, Dallas, TX 75207 in Dallas, Texas covers a hotel sale from 2020. The building is 89,000 square feet, implying about 0 per square foot on the published price. This page is the Dallas, Texas file for the 1949 North Stemmons Freeway, Dallas, TX 75207 hotel sold: pricing, party profiles, and other closed hotel comps from the same Dallas sit in the Market section below. Filter that Dallas hotel set by closing date to see what else sold near 1949 North Stemmons Freeway, Dallas, TX 75207 around 2020. Cite this Napali Capital Acquires Hotel In Dallas With Thomas Black sale when underwriting similar hotel product around Dallas, Texas.
Players
Dallas 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