SOLDHotel
Hodges Ward Elliott Brokers Sale Of 135-key Hotel In Southwest Austin
7415 Southwest Parkway, Austin, TX, USA
Building Size
99,453 SF
Asset Type
Hotel
Closing
Dec 7, 2021
AI
The hotel located at 7415 Southwest Parkway in Southwest Austin has been sold in a recent transaction. The property, with a total of 135 keys, was sold on 12/07/2021.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 7415 Southwest Parkway, Southwest Austin
- Market: Southwest Austin
- Keys: 135
The deal was facilitated by John Bourret from Hodges Ward Elliott, who represented the parties involved in the transaction.
Players
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