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
About this deal
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.
Traded’s record for 7415 Southwest Parkway, Austin, TX, USA in Austin, Texas covers a hotel sale from 2021. The building is 99,453 square feet, implying about 0 per square foot on the published price. John Bourret, Hodges Ward Elliott appear on the sale alongside Hodges Ward Elliott. This page is the Austin, Texas file for the 7415 Southwest Parkway, Austin, TX, USA 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 7415 Southwest Parkway, Austin, TX, USA around 2021. Cite this Hodges Ward Elliott Brokers Sale Of 135-key Hotel In Southwest Austin sale when underwriting similar hotel product around Austin, Texas.
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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