Investor gets comfortable with Georgetown hotelInvestor gets comfortable with Georgetown hotelhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=97692012-09-04T14:29:00Z2012-09-03T00:00:00Z

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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