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2440 Victory Park Ln, Dalla...

Dunhill Partners Acquires Hotel From Estein USA In Dallas Transaction
SOLDHotel

Dunhill Partners Acquires Hotel From Estein USA In Dallas Transaction

2440 Victory Park Ln, Dallas, TX, 75219

Building Size

Asset Type

Hotel

Closing

Nov 7, 2019

AI

The 252-key W Dallas Victory Hotel, located at 2440 Victory Park Lane in Dallas, TX, 75219, has been sold by Estein USA to a joint venture between HN Capital Partners and Dunhill Partners. The luxury hotel is situated on 1.7 acres in the vibrant Victory Park neighborhood, adjacent to the American Airlines Center.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $80.3 million
  • Address: 2440 Victory Park Ln, Dallas, TX, 75219
  • Market: Dallas
  • Seller's Rep: Michael Kavanau (JLL), Parker Sherrill (Newmark)
  • Buyer: Dunhill Partners

JLL Capital Markets' Michael Kavanau and Parker Sherrill represented Estein USA in the transaction, securing $80.3 million in acquisition financing from Starwood Property Trust for the buyer. De'On Collins from JLL's debt placement team collaborated with Randy Fleisher from Hamilton Realty Finance to finalize the three-year floating-rate loan with three extension options. Additionally, Vipin Nambiar of HN Capital Partners aims to rejuvenate the hotel with a complete renovation and new dining options to enhance the visitor experience in Victory Park.

Players

Parker Sherrill

Newmark

Broker

3 deals

Broker
DP
Dunhill PartnersBuyer

Dallas 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93