MCR Hotels Acquires Hotel Portfolio In Euless, Fort Worth, Colleyville TX & Santa Fe, NM From ICON Lodging
2570 Texas Highway 121, Euless, Texas 76039, United States
Building Size
—
Asset Type
Hotel
Closing
Jan 19, 2022
About this deal
AI
The recent closed property transaction involves the sale of a hotel located at 2570 State Highway 121, 1010 Houston St, 805 East Belknap Street, 5300 State Highway 121 & 3430 Cerrillos Rd in Euless, Fort Worth, Colleyville TX & Santa Fe, NM. The hotel comprises a total of 603 keys and was sold by ICON Lodging to MCR Hotels.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Buyer: MCR Hotels
- Seller: ICON Lodging
- Brokers: Chris Gomes & Allan Miller - Marcus & Millichap
Chris Gomes & Allan Miller from Marcus & Millichap represented the buyer and seller in this hotel sale transaction.
On the Map
Hotel
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Euless 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