JMIR Acquisitions LLC Purchases 254-Room Hilton Garden Inn In Austin For $26.85M From Stephen Zsigray

The transaction involved the sale of the 254-room Hilton Garden Inn located at 500 North Interstate 35 in Austin, Texas. The notable sale was completed for a total amount of $26,850,000, which translates to approximately $105,709 per room.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $26,850,000
• Buyer: JMIR Acquisitions LLC
• Seller: Stephen Zsigray - Ashford Hospitality Trust
• Market: Austin, TX
• Keys: 254
• PPK: $105,709

The transaction was facilitated as part of Ashford Hospitality Trust's broader strategy to deleverage its balance sheet through asset sales, which have successfully generated over $510 million year-to-date. Stephen Zsigray represented Ashford Hospitality Trust in this transaction.