Hyatt Place Texas Portfolio

Location: Austin, San Antonio & Dallas, TX
Type: Hospitality
Price: $ 38,500,000

SMC has provided a $38,500,000 loan for the acquisition of three Hyatt Place hotels, which are located in Austin, San Antonio and Dallas, TX. The Properties were built in 2007 and are currently undergoing a major PIP renovation. The portfolio had an overall occupancy of 79% for the trailing 12-month period.