facebook
Traded Co logo
Submit

MCR Hotels Acquires Hospitality Portfolio From Seller ICON Lodging

Property Image
SOLD

Texas

See Similar Deals
Hotel
Sold 01/11/2022
the dealplayerscompscontact
Property Image
SOLD

MCR Hotels Acquires Hospitality Portfolio From Seller ICON Lodging

Colleyville, Texas, United States

See Similar Deals
Hotel
Sold 01/11/2022
Contact now

Summary

TEXAS
Asset Type:Hotel
Transaction Type:Sale

The Hospitality Portfolio, consisting of hotels in Euless, Fort Worth, Colleyville, TX, and Santa Fe, New Mexico, has been sold in a recent transaction. The portfolio includes a total of 603 hotel keys and was sold on January 11, 2022. The buyer in this transaction is MCR Hotels, while the seller is ICON Lodging. The deal was facilitated by Chris Gomes and Allan Miller of Marcus & Millichap, who represented the parties involved.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: Not specified
  • Address: Hospitality Portfolio
  • Market: Euless, Fort Worth, Colleyville, TX & Santa Fe, New Mexico

Chris Gomes and Allan Miller of Marcus & Millichap played a key role in the transaction as the brokers representing the buyer, MCR Hotels, and the seller, ICON Lodging. They provided their expertise and guidance throughout the deal, ensuring a successful outcome for both parties involved.

Players

Allan Miller
51 deals$162.9M volume(512) 338-7831
BROKER

Christopher (Chris) Gomes
Marcus & Millichap
55 deals$160.6M volume(972) 755-5302
BROKER

BUYER

Details

SOLD
IMAGE: Chris Gomes & Allan Miller DATE: 01/11/2022 ADDRESS: Hospitality Portfolio MARKET: Euless, Fort Worth, Colleyville, TX & Santa Fe, New Mexico ASSET TYPE: Hotel ~ KEYS: 603 BUYER: MCR Hotels SELLER: ICON Lodging BROKERS: Chris Gomes & Allan Miller - Marcus & Millichap

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00