SOLDHotel
MCR Acquires 120-Key Hotel In Grand Prairie With Tyler Morse Buying On Behalf Of The Buyer
2850 South State Highway 161, Grand Prairie, Texas 75052, United States
Building Size
—
Asset Type
Hotel
Closing
Jan 10, 2023
AI
In a recent transaction, a Hotel located at 2850 South State Hwy 161 in Grand Prairie has been sold. The sale was completed on 01/11/2023, and the property boasts a total of 120 keys.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 2850 South State Hwy 161
- Market: Grand Prairie
- Keys: 120
The buyer of this hotel is MCR, represented by Tyler Morse. The deal was financed by American Momentum Bank.
Players
Grand Prairie 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