SOLDHotel
Hospitality Group Sells 180-Key Hotel In Denton To Marcus & Millichap's Chris Gomes & Allan Miller
4465 North Interstate 35, Denton, Texas 76207, United States
Building Size
—
Asset Type
Hotel
Closing
Dec 19, 2022
About this deal
AI
4465 N I-35 & 4485 N I-35, located in Denton, was recently sold in a closed transaction. The property is a hotel with a total of 180 keys. The sale took place on 12/19/2022.
Summary of transaction details
- Property Type: Hotel
- Sale Date: 12/19/2022
- Address: 4465 N I-35 & 4485 N I-35, Denton
- Market: Denton
- Keys: 180
The seller of the property was Hospitality Group. The sale was facilitated by Chris Gomes & Allan Miller, who represent Marcus & Millichap.
On the Map
Hotel
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Players
Denton 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