Host Hotels & Resorts Inc. Acquires Hotel In Austin For $161M
208 Barton Springs Rd, Austin, TX, USA
$161,000,000
$132,510/SF
Building Size
1,215 SF
Asset Type
Hotel
Closing
Mar 16, 2021
AI
An Austin hotel located at 208 Barton Springs Rd has been sold for $161 million. The property, situated on 6 acres, was purchased by Host Hotels & Resorts Inc. The transaction was completed on 03/17/2021.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $161,000,000
- Address: 208 Barton Springs Rd
- Market: Austin
James Risoleo, the President and CEO of Host Hotels & Resorts Inc., represented the buyer in this deal. The hotel property spans over 6 acres and includes 448 keys. The price per key is $359,375, and the price per acre is $26,833,333.
Players
Austin 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93