M&A - Moody National REIT II, Inc.
Form Type: 8-K
Filing Date: 2025-04-17
Corporate Action: Acquisition
Type: New
Accession Number: 000199937125004394
Filing Summary: On April 11, 2025, Moody National REIT II, Inc. completed the sale of the Nashville Embassy Suites hotel property located at 1811 Broadway, Nashville, TN for approximately $57,500,000. The buyer, Reade Hotel Capital LLC, is a New York limited liability company that is unaffiliated with the company. The Nashville Embassy Suites is a 208-room select service hotel. The transaction details are qualified by the purchase and sale agreement, which is referred to in this report and previously filed documents.
Additional details:
Property Address: 1811 Broadway, Nashville, TN 37203
Sale Price: 57,500,000
Buyer Name: Reade Hotel Capital LLC
Property Type: hotel
Form Type: 8-K
Filing Date: 2025-02-12
Corporate Action: Acquisition
Type: New
Accession Number: 000183988225008527
Filing Summary: On February 6, 2025, Moody National REIT II, Inc. completed the sale of two hotel properties: the Residence Inn Grapevine located at 2020 State Highway 26, Grapevine, TX for $22,500,000 and the Residence Inn Austin located at 1209 E 51st Street, Austin, TX for $20,500,000, both to MCR Hotel Acquisitions, LLC. The Residence Inn Grapevine is a 133-room hotel built in 2007, while the Residence Inn Austin is a 112-room hotel built in 2014. The document references purchase and sale agreements for both properties which are attached as exhibits to a prior 8-K report filed on December 19, 2024.
Additional details:
Property Address: 2020 State Highway 26, Grapevine, TX 76051
Sale Price: 22500000
Property Name: Residence Inn Grapevine
Num Rooms: 133
Year Built: 2007
Property Address: 1209 E 51st Street, Austin, TX 78723
Sale Price Austin: 20500000
Property Name Austin: Residence Inn Austin
Num Rooms Austin: 112
Year Built Austin: 2014
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