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
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