Hodges Ward Elliot Represents Sale Of 319-Key Hotel On 605 Davis Street In Austin
605 Davis Street, Austin, Texas 78701, United States
Building Size
—
Asset Type
Hotel
Closing
Feb 22, 2022
About this deal
AI
A hotel in Austin, located at 605 Davis Street, has been sold in a recent transaction. The sale of this property was facilitated by the brokers Daniel Peek, John Bourret, Austin Brooks, and David Auer from Hodges Ward Elliot. The hotel, consisting of 319 keys, was sold on 02/23/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 605 Davis Street
- Market: Austin
- Number of Keys: 319
The sale of this hotel involved the following brokers representing the respective parties: Daniel Peek, John Bourret, Austin Brooks, and David Auer from Hodges Ward Elliot. With their expertise, the transaction was successfully completed.
On the Map
Hotel
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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