other material
confidence high
sentiment negative
materiality 0.70
Moody National REIT II, Inc.: M&A transaction — Moody National REIT II sells 3 hotels to affiliate for $18.85M; debt assumed ~$18.05M
Moody National REIT II, Inc.
- Sold Hampton Inn Austin, Hampton Inn Houston, and Hyatt Place North Charleston to Moody EC Development, LLC for $18.85M.
- Buyer assumed approximately $18.05M of outstanding debt; balance credited to Related Party Notes.
- Remaining balance on Related Party Notes owed to Moody Capital exceeds $20M after the transaction.
- Buyer is an entity affiliated with the company’s sponsor and adviser.