SOLDHotel
Mohr Partners, Inc Acquires Hotel In Red Oak, TX For $XXM
508 N Interstate 35 Rd, Red Oak, Texas 75154, United States
Building Size
35,000 SF
Asset Type
Hotel
Closing
Apr 17, 2022
About this deal
AI
A hotel located at 508 N Interstate 35 E Rd in Red Oak, TX has been sold. The transaction took place on April 18, 2022, and the hotel consists of 85 keys.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: Not specified in CONTEXT
- Address: 508 N Interstate 35 E Rd, Red Oak, TX
- Market: Red Oak, TX
- Number of Keys: 85
The sale of this hotel was facilitated by Eric Beichler and Grant Palmer from Mohr Partners, Inc.
Players
Red Oak 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