GEORGETOWN - The 69-room Comfort Suites-Georgetown has been sold by Akdant LP to an Oklahoma City-based hotel investment group. The asking price for the 41,414-sf facility was $5 million with a 9 percent cap rate.
The hotel is situated on a 2.95-acre site. The revenue per available room is $61 while the average occupancy is 70 percent.
Source: Hotel Brokers of Austin
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