BH Hospitality Management Acquires Tru By Hilton Downtown Riverwalk Hotel In San Antonio From SAT 901 Star LLC
901 E Houston St, San Antonio, TX 78205, United States
Building Size
—
Asset Type
Hotel
Closing
Jul 11, 2023
AI
The Tru by Hilton Downtown Riverwalk hotel in San Antonio has been sold by SAT 901 Star LLC to BH Hospitality Management for an undisclosed amount. The 95-room hotel, built in 2016, is located at 901 East Houston Street and sits on land valued at $7.1 million.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Undisclosed
- Keys: 95
- Address: 901 East Houston Street
- Market: San Antonio
BH Hospitality Management, led by Harsh Patel, acted as the buyer in the transaction. SAT 901 Star LLC was the seller. The deal was facilitated with the assistance of Broadway Bank as the lender.
Players
Texas Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
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