Wednesday, January 7, 2015

HFF closes sale of Hilton Garden Inn in Austin, TX


Hilton Garden Inn Austin NW/Arboretum, 11617 Research Boulevard, Austin, TX

Daniel Peek

 DALLAS, TX – HFF announced it has closed the sale of the Hilton Garden Inn Austin NW/Arboretum, a 138-key hotel located in Austin, Texas, which Forbes magazine named the “2014 Fastest Growing City in America”.

HFF exclusively marketed the property on behalf of the seller.  Moody National Companies purchased the offering for an undisclosed amount free and clear of existing debt.

                The property is located at 11617 Research Boulevard near US 183’s intersection with Loop 1 (MoPac Expressway) in the North/Northwest Austin submarket where major employers including Google, Apple, IBM, Dell, National Instruments, HP, Xerox, Oracle and Cisco have offices. 

The Arboretum, an upscale shopping area, is less than two miles south of the hotel, and The Domain, Austin’s largest mixed-use development, is three miles southeast of the hotel.

John Bourret
 Completed in 2002 and renovated in 2014, the five-story hotel features 87 king rooms and 43 double rooms averaging 350 square feet, eight of which are handicap accessible, as well as four king suites and four double suites averaging 600 square feet. 

Amenities include a breakfast grill, lounge, indoor pool and whirlpool, a 24-hour business center, two outdoor patio areas, a fitness center and 1,242 square feet of meeting and event space that can accommodate events with up to 80 attendees. 

                The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Dan Peek, managing director John Bourret and real estate analysts Austin Brooks and John Callahan.

                Established in 1996, Moody National Companies is a full-service commercial real estate firm focused on identifying and developing investment opportunities that offer long-term asset preservation as well as stable and predictable cash flows.  Headquartered in Houston, Texas, their team of dedicated real estate professionals applies financial expertise to offer clients comprehensive solutions for all real estate needs.


For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com


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