moody national reit i
Moody National REIT I, Inc. Completes Disposition of TownePlace Suites Newark, CA for $24,500,000
Moody National REIT I, Inc. | September 16, 2015
HOUSTON, Sept. 15, 2015 -- Moody National REIT I, Inc. ("REIT I") announced today the completed disposition of the TownePlace Suites Hotel in Newark, California, for a final sale price of $24,500,000. Net sales proceeds from the transaction equaled approximately $17,450,000, providing an approximately 250% equity return to REIT I. REIT I originally acquired the hotel in June 2014. Moody National Hospitality Management Company managed the asset while also completing a $1.4M property renovation. During the holding period, Revenue per Available Room ("RevPAR") increased 28.5%. The TownePlace Suites Newark is positioned on the edge of the S...
Moody National REIT I, Inc. Under Contract to Acquire the 227-room Hampton Inn Boston for $57 M
Moody National REIT I, Inc. | May 12, 2015
HOUSTON, May 12, 2015 -- Moody National REIT I, Inc. (the "REIT"), announced today it is under contract to purchase the Hampton Inn Boston for an aggregate purchase price of $57,000,000, excluding acquisition costs. The select-service 227-room Hampton Inn hotel is located within close proximity to Boston Logan International Airport, and just five miles from downtown Boston. Boston Logan International Airport is ranked as the 18th busiest airport in the country, as ranked by Airports Council International. The REIT thinks the hotel is well situated to benefit from consistent corporate and leisure stays throughout the year. "Boston's hote...
Moody National REIT I, Inc. Under Contract to Acquire the Embassy Suites Nashville for $66.3 million
Moody National REIT I | April 30, 2015
HOUSTON, April 29, 2015 -- Moody National REIT I, Inc. (the "REIT"), announced today it is under contract to purchase the Embassy Suites Nashville for $66,300,000, excluding acquisition costs. The 208-room Embassy Suites hotel opened in 2001 and is situated on 1.248 acres. The select-service all suites hotel provides guests with an indoor swimming pool, fitness center, business center and flexible meeting space. Just three blocks away from Vanderbilt University and the city's Medical Center, the Hotel is well positioned in the West End-Midtown district, less than two miles from downtown Nashville. In 2014, Nashville was ranked by Forbes...
