What was the deal size on the Staybridge Suites Austin?

$11,500,000. Permanent Financing closed in 2021. 121 keys, Austin, TX.

Who at Matthews Hotel Markets executed this transaction?

Luke Thompson, Miles Cortez. The transaction was sourced through direct relationships with the buyer pool active in this segment and market at the time of close.

Where can I see comparable IHG closes?

Matthews's full closed-transaction list is at /closed. Filter by segment, brand, year, or market. We publish public-data fields on every closed deal where seller permission allows; some confidentiality applies to ownership and pricing where the engagement was off-market.

What were the key value drivers in this transaction?

121-key extended stay (IHG) in Austin, TX. Permanent Financing. The transaction process surfaced underwriting, brand standards, PIP cycle, and market demand factors typical for this asset profile.

Is Matthews currently advising on similar Extended Stay mandates?

Yes — Matthews actively executes extended stay dispositions and acquisitions across the United States. Active mandates and recent closes are at /listings and /closed. For confidential conversations on a similar disposition or acquisition, the team responds within 24 hours.

Closed TransactionsAustin, TX

Permanent Financing

Staybridge Suites Austin. Closed 2021.

Matthews Hotel Markets advised on the permanent financing of the Staybridge Suites Austin, a 121-key extended stay hotel operating under the IHG flag in Austin, TX.

Deal Size: $11,500,000
Keys: 121
Segment: Extended Stay
Sponsor: Family Office
Brand: IHG
Region: Texas
Closed: 2021

Brokers on this transaction

Luke Thompson

VP & Director, Capital Markets

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Miles Cortez III

VP & Director, Hospitality Capital Markets

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Staybridge Suites Austin transaction FAQ

What was the deal size on the Staybridge Suites Austin?: $11,500,000. Permanent Financing closed in 2021. 121 keys, Austin, TX.
Who at Matthews Hotel Markets executed this transaction?: Luke Thompson, Miles Cortez. The transaction was sourced through direct relationships with the buyer pool active in this segment and market at the time of close.
Where can I see comparable IHG closes?: Matthews's full closed-transaction list is at /closed. Filter by segment, brand, year, or market. We publish public-data fields on every closed deal where seller permission allows; some confidentiality applies to ownership and pricing where the engagement was off-market.
What were the key value drivers in this transaction?: 121-key extended stay (IHG) in Austin, TX. Permanent Financing. The transaction process surfaced underwriting, brand standards, PIP cycle, and market demand factors typical for this asset profile.
Is Matthews currently advising on similar Extended Stay mandates?: Yes — Matthews actively executes extended stay dispositions and acquisitions across the United States. Active mandates and recent closes are at /listings and /closed. For confidential conversations on a similar disposition or acquisition, the team responds within 24 hours.