Hodges Ward Elliott Represents Sale Of 811-Key Hotel In Dallas On International Pkwy N
2334 International Parkway, Dallas, TX, USA
Building Size
—
Asset Type
Hotel
Closing
Nov 29, 2021
About this deal
AI
A hotel located at 2334 International Pkwy N in Dallas has been sold. The transaction took place on November 29, 2021, with the property consisting of 811 keys. The hotel was listed for sale by Hodges Ward Elliott and was represented by brokers John Bourret, Austin Brooks, and David Auer.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 2334 International Pkwy N, Dallas
- Market: Dallas
- Number of Keys: 811
John Bourret, Austin Brooks, and David Auer from Hodges Ward Elliott served as the brokers for this hotel sale in Dallas.
On the Map
Hotel
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Dallas 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