Ohana Real Estate Investors Acquires Hyatt Resort In Cedar Creek For $275M
SOLD
$275,000,000
Texas
See Similar DealsOther312,000 SF
Sold 06/23/2021
SOLD
Ohana Real Estate Investors Acquires Hyatt Resort In Cedar Creek For $275M
575 Hyatt Lost Pines Rd, Cedar Creek, TX, USA
See Similar DealsOther312,000 SF
Sold 06/23/2021
Summary
TEXAS
Asset Type:Other
Price Per Square Foot:$881
Total Square Footage:312,000 SF
Transaction Type:Sale
The Hyatt Lost Pines Resort, located at 575 Hyatt Lost Pines Rd in Cedar Creek, has been sold for a whopping $275,000,000. The property is a sprawling resort spread across 650 acres, offering a total of 312,000 square feet of space. With 491 rooms, the resort provides ample accommodations for guests.
Summary of transaction details
- Property Type: Resort
- Transaction Amount: $275,000,000
- Address: 575 Hyatt Lost Pines Rd, Cedar Creek
- Market: Cedar Creek
- Square Footage: 312,000
- Price per Square Foot: $881
- Total Acres: 650
- Price per Acre: $423,076
- Number of Rooms: 491
The seller of the Hyatt Lost Pines Resort is Hyatt Hotels Corp. On the other hand, the buyer is Ohana Real Estate Investors, represented by G. Christopher Smith and Franco Famularo in the transaction.
Players
SELLER
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$14,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$977,016.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,303,640.30
Annual Debt Service$15,643,683.58
Is there something missing? Send suggestions