Pacific Hospitality Group Acquires Austin Hotel On Capital Of Texas Highway
320 South Capital of Texas Highway, Austin, TX, USA
Building Size
217,000 SF
Asset Type
Office
Closing
Dec 22, 2020
About this deal
AI
The hotel located at 320 S. Capital of Texas Highway in Austin was recently sold. The transaction took place on December 23, 2020. The property spans a total square footage of 190,000 and consists of 194 keys. John Nugent and Parker Sherrill from JLL brokered the deal.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not mentioned
Pacific Hospitality Group, represented by Tim Busch, acquired the hotel. Tim Busch is affiliated with Pacific Hospitality Group. The brokerage services for this transaction were provided by John Nugent and Parker Sherrill from JLL.
On the Map
Office
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Players
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Boundary boundary · Office · 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