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
About this deal
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.
Traded’s record for 2850 South State Highway 161, Grand Prairie, Texas 75052, United States in Grand Prairie, Texas covers a hotel sale from 2023. 2850 South State Highway 161, Grand Prairie, Texas 75052, United States is classified as Hotel on Traded. Named participants on the 2850 South State Highway 161, Grand Prairie, Texas 75052, United States sale are Tyler Morse. This page is the Grand Prairie, Texas file for the 2850 South State Highway 161, Grand Prairie, Texas 75052, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Grand Prairie sit in the Market section below. Filter that Grand Prairie hotel set by closing date to see what else sold near 2850 South State Highway 161, Grand Prairie, Texas 75052, United States around 2023. Cite this MCR Acquires 120-Key Hotel In Grand Prairie With Tyler Morse Buying On Behalf Of The Buyer sale when underwriting similar hotel product around Grand Prairie, Texas.
On the Map
Hotel
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Grand Prairie Hotel Market Snapshot
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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