Marcus & Millichap Brokers Sale Of 119-Room Cambria Hotel In Richardson Texas
3605 Shire Boulevard
Building Size
—
Asset Type
Hotel
Closing
Jul 16, 2025
AI
The transaction involved the sale of the Cambria Hotel Richardson-Dallas, which includes 119 keys and occupies a total of 2.5 acres at 3605 Shire Boulevard in Richardson, TX. This hotel was constructed in 2019 and is equipped with amenities such as an indoor pool and fitness center.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 3605 Shire Boulevard
- Market: Richardson
- Keys: 119
- Broker: Chris Gomes - Marcus & Millichap
Marcus & Millichap represented the sale, with Chris Gomes as the broker facilitating the transaction. The identities of both the buyer and seller have not been disclosed.
Players
Richardson 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