Oil prices hold sharp losses with focus on secondary India tariffs
In a recent transaction, Moody National REIT II, Inc. has finalized the sale of two hotel properties, Residence Inn Grapevine and Residence Inn Austin, to MCR Hotel Acquisitions, LLC, for a combined total of $43 million. The deal, which took place on February 6, 2025, involved the transfer of the Residence Inn Grapevine for $22.5 million and the Residence Inn Austin for $20.5 million.
The Residence Inn Grapevine, a 133-room select service hotel, was built in 2007 and is situated at 2020 State Highway 26, Grapevine, TX. The Residence Inn Austin, which opened in 2014, features 112 rooms and is located at 1209 E 51st Street, Austin, TX. Both properties are part of the select service hotel segment, catering to travelers seeking quality accommodations.
The sale of these assets marks a significant disposition for Moody National REIT II, Inc., a real estate investment trust based in Maryland. The company’s decision to sell these properties is documented in a purchase and sale agreement, which was previously filed with the SEC on December 19, 2024, as part of a Current Report on Form 8-K.
Moody National REIT II is headquartered in Houston, Texas, and operates within the real estate and construction industry, focusing on investment opportunities across various property types.
The information regarding this transaction is based on the latest SEC filing by Moody National REIT II, Inc. It is important to note that MCR Hotel Acquisitions, LLC is an independent entity, unaffiliated with Moody National REIT II, Inc.
Investors and stakeholders in the real estate investment trust sector may view this asset disposition as part of the company’s broader strategy to manage its portfolio of properties. Details of the transaction are available in the SEC filing, which serves as the source of this report.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.