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7800 Alpha Road, Dallas, Te...

Omni Vision Dallas LLC Acquires Hotel In Dallas From Service Properties Trust
SOLDHotel

Omni Vision Dallas LLC Acquires Hotel In Dallas From Service Properties Trust

7800 Alpha Road, Dallas, Texas 75240, United States

Building Size

Asset Type

Hotel

Closing

Mar 3, 2022

AI

A hotel located at 7800 Alpha Road in Dallas has been sold in a transaction that took place on March 4, 2022. The property, consisting of 295 keys, was acquired by Omni Vision Dallas LLC. The seller in this deal was Service Properties Trust. The hotel is situated in the Dallas market, making it an attractive investment opportunity.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 7800 Alpha Road, Dallas
  • Market: Dallas
  • Keys: 295

HREC Investment Advisors represented both the buyer, Omni Vision Dallas LLC, and the seller, Service Properties Trust, in this transaction. Mark Rome and Monty Levy were the brokers involved in the deal, representing HREC Investment Advisors.

Players

Mark Rome

HREC Investment Advisors

Broker

3 deals

Broker
Service Properties Trust
Service Properties TrustSeller

Dallas 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