Pixiu Real Estate And Woodbine Development Corporation Acquire Hyatt Hotels & Resorts In Austin
604 Brazos Street, Austin, Texas 78701, United States
Building Size
84,238 SF
Asset Type
Hotel
Closing
May 24, 2022
About this deal
AI
The sale of a hotel located at 604 Brazos St in Austin has been confirmed. The transaction took place on 05/25/2022 and involved a total of 189 keys. The property was sold by Hyatt Hotels & Resorts.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not mentioned
Pixiu Real Estate, represented by Eddie Margain, and Woodbine Development Corporation, represented by Dupree Scovell, acted as the buyers in this transaction.
Traded’s record for 604 Brazos Street, Austin, Texas 78701, United States in Austin, Texas covers a hotel sale from 2022. The building is 84,238 square feet, implying about 0 per square foot on the published price. This page is the Austin, Texas file for the 604 Brazos Street, Austin, Texas 78701, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Austin sit in the Market section below. Filter that Austin hotel set by closing date to see what else sold near 604 Brazos Street, Austin, Texas 78701, United States around 2022. Cite this Pixiu Real Estate And Woodbine Development Corporation Acquire Hyatt Hotels & Resorts In Austin sale when underwriting similar hotel product around Austin, Texas.
Players
Austin Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
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