Mohr Capital Acquires DoubleTree By Hilton Austin In Central Austin

The property involved in this transaction is the 350-room DoubleTree by Hilton Austin, located at 6505 N. Interstate 35 in Austin, Texas. The hotel features a six-story structure with almost 25,000 square feet of meeting space, including a ballroom. The property is positioned near the intersection of Interstate 35 and U.S. Highway 290 in Central Austin, and Mohr Capital plans to invest $11 million to upgrade various aspects of the hotel including the ballroom, guest rooms, elevators, and common spaces.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Undisclosed
• Address: 6505 N Interstate Hwy 35
• Market: Austin
• Keys: 250
• Buyer: Mohr Capital
• Broker Representatives: John Bourret & Austin Brooks - Hodges Ward Elliott

Mohr Capital is a Dallas-based privately held real estate investment firm that completed this acquisition as its first hospitality investment. The firm has engaged HEI Hotels & Resorts to manage the hotel on its behalf.