Wolfgramm Capital Acquires Hotel Portfolio In Waco, Marshall, South Desoto & Plano
Waco, Texas, United States
Building Size
—
Asset Type
Hotel
Closing
Feb 7, 2022
About this deal
AI
A hotel portfolio located in Waco, Marshall, South Desoto, and Plano has recently been sold. The transaction, which took place on 02/08/2022, involved a total of 280 hotel keys. The buyer of the portfolio is Wolfgramm Capital, while the seller is Avatar Hotel Group, represented by Frank Tenadu. The deal was facilitated by Austin Brooks from Hodges Ward Elliott acting as the broker.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: Hotel Portfolio
- Market: Waco, Marshall, South Desoto & Plano
- Keys: 280
The sale of this hotel portfolio marks a significant transaction in the hospitality industry. It is an example of the active real estate market in the Waco, Marshall, South Desoto, and Plano areas. The involvement of Wolfgramm Capital as the buyer and Avatar Hotel Group as the seller showcases their respective interests and strategies in the hotel industry. Austin Brooks from Hodges Ward Elliott represented the seller, Frank Tenadu, in this deal.
On the Map
Hotel
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Waco 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