Mumford Co. Arranges Sale Of Tru By Hilton Rockwall Dallas Hotel
2600 Summer Lee Drive Rockwall, Texas 75032, USA
Building Size
—
Asset Type
Hotel
Closing
Aug 9, 2023
About this deal
AI
The Tru by Hilton Rockwall Dallas hotel, located at 2600 Summer Lee Drive in Rockwall, has been sold. The sale was facilitated by the brokerage firm Mumford Co. The hotel, which was built in 2020, features 98 rooms and is situated in the Rockwall market. The property includes amenities such as a fitness center, business center, and outdoor pool.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 2600 Summer Lee Drive, Rockwall
- Market: Rockwall
- Keys: 98
- Broker: Mumford Co.
Mumford Co. successfully arranged the sale of the Tru by Hilton Rockwall Dallas hotel to an undisclosed developer based in Alabama. The sale marks a significant transaction in the Rockwall market. The hotel, with its modern facilities and prime location, presents a lucrative investment opportunity for the developer.
Players
Rockwall 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