Door Capital Acquires Hotel In Austin From JDE Brand Inc. For $4.25M

Anudeep Gosal & Zuhair Bheda of Besen Partners, along with Toni-Diane Donnet & Chris Parrino of KW Commercial, facilitated the sale of a hotel located at 1701 E St Elmo Road in Austin. The property, consisting of 51 rooms, was sold by JDE Brand Inc. represented by Jahn De Khudikine. The buyer, Door Capital represented by Gerardo Carreno, acquired the hotel for a price of $4,250,000, resulting in a per room price of $88,235.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $4,250,000
• Address: 1701 E St Elmo Road
• Market: Austin

This successful transaction was made possible by the collaboration between Anudeep Gosal & Zuhair Bheda from Besen Partners and Toni-Diane Donnet & Chris Parrino from KW Commercial. Their expertise and negotiation skills played a crucial role in facilitating the deal between the buyer, Door Capital, and the seller, JDE Brand Inc. Both parties can be confident in the outcome of this transaction, as the sales price of $4,250,000 aligns with the market value of the property.