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
About this deal
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.
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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