Wolfgramm Capital Acquires Hotel Portfolio In Waco, Marshall, South Desoto & Plano
SOLD
Texas
See Similar DealsHotel
Sold 02/08/2022
SOLD
Wolfgramm Capital Acquires Hotel Portfolio In Waco, Marshall, South Desoto & Plano
Waco, Texas, United States
See Similar DealsHotel
Sold 02/08/2022
Summary
TEXAS
Asset Type:Hotel
Transaction Type:Sale
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.
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30 years
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Operating Income
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Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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