HN Capital Partners Acquires 142-Unit Hotel On Turtle Creek Blvd. In Dallas
2821 Turtle Creek Boulevard, Dallas, Texas 75219, United States
Units
142
Asset Type
Hotel
Closing
Sep 28, 2022
About this deal
AI
On September 29, 2022, a hotel property located at 2821 Turtle Creek Blvd in Dallas was sold. The hotel consists of 142 units and is situated in the Dallas market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 2821 Turtle Creek Blvd
- Market: Dallas
- Units: 142
The buyer of the hotel property was HN Capital Partners, represented by Vipin Nambiar. The lender involved in the transaction was KSL Capital Partners & interbank''>Interbank.
Traded’s record for 2821 Turtle Creek Boulevard, Dallas, Texas 75219, United States in Dallas, Texas covers a hotel sale from 2022. Reported inventory is 142 units across 142 units. Named participants on the 2821 Turtle Creek Boulevard, Dallas, Texas 75219, United States sale are Vipin Nambiar. This page is the Dallas, Texas file for the 2821 Turtle Creek Boulevard, Dallas, Texas 75219, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Dallas sit in the Market section below. Filter that Dallas hotel set by closing date to see what else sold near 2821 Turtle Creek Boulevard, Dallas, Texas 75219, United States around 2022. Cite this HN Capital Partners Acquires 142-Unit Hotel On Turtle Creek Blvd. In Dallas sale when underwriting similar hotel product around Dallas, Texas.
Players
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