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The Hedge Phase II (Red Roof Inn & Budget Lodge)

Multifamily Value Add - Hotel Conversion

INVESTMENT PROJECT INTRO

Red Roof Inn belongs to the second phase of The Hedge apartment. Real International invested in Austin Suites, the first phase of The Hedge in March 2020. After the conversion, the Red Roof Inn will share the same property management team with Austin Suites, and the subsequent management costs of the two properties will be significantly reduced, thus increasing the return of investors. Here are the details of the property:

  • Total Units: 143
  • Year of Construction: 1981
  • Area/average unit: 295 SF

Budget Lodge is located within 0.5 miles of Red Roof Inn. The property will be converted in accordance with the interior design of The Hedge. The following is the specific information of the property:

  • Total Units: 150
  • Year of Construction: 1974
  • Area/average unit: 250 SF

DETAILS ABOUT PROJECT

  • Investment Type: Private Equity
  • Total Project Size: $28,000,000
  • Address:1990 N I-35, Round Rock, TX
  • PROPERTY TYPE: Multifamily
  • INVESTMENT PROFILE:
  • INVESTMENT CATEGORY: Private Equity
  • TARGETED INVESTMENT PERIOD: 3 years
  • MINIMUM INVESTMENT: Contact us for more info

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The Hedge Phase II (Red Roof Inn & Budget Lodge)

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