TRT Holdings Sells 5 Hotels In Austin, Dallas, San Antonio, Houston & Jacksonville
4140 Governors Row, Austin, TX, USA
Building Size
167,116 SF
Asset Type
Hotel
Closing
Feb 28, 2021
About this deal
AI
The property asset involved in this transaction is a hotel located at 4140 Governors Row, 9821 Colonnade Blvd, 1590 Lyndon B Johnson Fwy, 13210 Katy Fwy, and 245 Water Street. The transaction took place on 03/01/2021 in Austin, Dallas, San Antonio, Houston, and Jacksonville. The hotel has a total of 1,729 keys and is owned by TRT Holdings, Inc.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 4140 Governors Row, 9821 Colonnade Blvd, 1590 Lyndon B Johnson Fwy, 13210 Katy Fwy, and 245 Water Street
- Market: Austin, Dallas, San Antonio, Houston, and Jacksonville
- Keys: 1,729
The sellers in this transaction were TRT Holdings, Inc. The brokers involved in the deal were John Bourret, Daniel Peek, Austin Brooks, and David Auer from Hodges Ward Elliott.
On the Map
Hotel
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Players
Austin 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