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401 Pine Street

North Management LLC Acquires 110K SF Hotel In Abilene From Jeff Mendez & Jeff Bennett
SOLDHotel

North Management LLC Acquires 110K SF Hotel In Abilene From Jeff Mendez & Jeff Bennett

401 Pine Street

Building Size

110,000 SF

Asset Type

Hotel

Closing

Aug 12, 2025

AI

The Windsor Hotel Apartments is a hotel asset located at 401 Pine Street in Abilene, Texas. It encompasses a total square footage of 110,000 and has a history as a former Hilton hotel, built in 1926, featuring 10 stories. At the time of the sale, the property was reported to be 95% occupied.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 401 Pine Street
  • Market: Abilene
  • Seller: Jeff Mendez & Jeff Bennett - Studio 168 Productions
  • Buyer: North Management LLC
  • Broker: Franklin Street

The transaction was brokered by Franklin Street, which facilitated the sale from North Management LLC to Studio 168 Productions, based in Utah. This sale highlights the ongoing interest in hospitality properties in the Abilene market.

Players

Franklin Street
Franklin StreetBrokerage

Abilene 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