Marcus & Millichap Brokers Chris Gomes & Allan Miller Facilitate Sale Of 82-Key Hotel In Dallas
7815 LBJ Freeway, Dallas, TX, USA
Building Size
42,957 SF
Asset Type
Hotel
Closing
Feb 18, 2021
About this deal
AI
An 82-key hotel located at 7815 LBJ Freeway in Dallas has been sold. The transaction took place on February 19, 2021, with Chris Gomes and Allan Miller from Marcus & Millichap acting as the brokers. The hotel is situated in the Dallas market.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 7815 LBJ Freeway
- Market: Dallas
- Number of Keys: 82
- Brokers: Chris Gomes & Allan Miller - Marcus & Millichap
Chris Gomes and Allan Miller, representing Marcus & Millichap, facilitated the sale of the hotel, highlighting their expertise in the Dallas market.
Players
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