Top1031

Cambria Hotel Austin Downtown

Hotel in Austin, TX — sponsored by Moody National

Files with the SEC as Moody Rainey DWTN Austin DST

Minimum investment
$25k
Offering size
$87.2M
How much has sold
100.0%
Asset type
Hotel
Location
Austin, TX
Financing
Leveraged. This offering reports mortgage debt on the property.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

Moody Rainey DWTN Austin DST is a Delaware statutory trust — fractional co-ownership that qualifies for a 1031 exchange — sponsored by Moody National and associated with the Cambria Hotel Austin Downtown at 68 East Avenue. The $87.2 million offering launched in October 2022 under Rule 506(b) and is now fully subscribed, meaning it is closed to new investors.1

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These links support the historical public record; individual details may come from different sources.

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

Texas licensing records show the hotel at 68 East Avenue was newly built — construction started October 1, 2019, inspection completed April 5, 2023 — covering 172,000 square feet of rooms, parking and amenities.2 It opened in 2023 in Austin's Rainey Street district.3 Primary records do not confirm the Trust owns it; reporting has credited Pacific Hotel Austin as developer-owner and Azul Hospitality Group as manager.4

Reported location
Austin, TX
Property size
212 keys
Chapter 3

Who is the tenant, and what's the lease?

This is a hotel, not a single-tenant building: there is no tenant and no lease, so income depends on nightly room revenue rather than contractual rent. The property operates under the Cambria flag, a Choice Hotels brand.5

Chapter 4

How did it end?

What happened

No sale or other ending on record

The Moody Rainey DWTN Austin DST's underlying asset, the 212-room Cambria Hotel Austin Downtown at 68 East Avenue, Austin, TX, underwent a $48.75M recapitalization in August 2024 (per ConnectCRE), which is affirmative evidence the DST retained ownership and continues to operate the property.

$87.2M equity offering; minimum $25k; sponsor Moody Rainey DWTN Austin AM LLC; Rule 506(b); 3 Form D filings (Oct 11, 2022 to Aug 12, 2024); Aug 2024 $48.75M recapitalization funded by Benefit Street Partners

212 keys
Supporting evidence
Chapter 5

How is it financed, and what does it pay?

Leveraged means mortgage debt sits above investor equity, so lender terms bind the property. Connect CRE reported on August 27, 2024 that a $48.75 million recapitalization closed with bridge financing from Benefit Street Partners, arranged by Hunter Hotel Advisors, with proceeds paying off the construction lender and funding an upfront reserve.6

Financing
Leveraged. This offering reports mortgage debt on the property.
Chapter 7

What does the paperwork say?

Three filings carry the record: an initial Form D at launch reporting no sales yet, a 2023 amendment showing the raise underway, and a 2024 amendment reporting the offering complete.7 The 2023 amendment dates the first sale to October 14, 2022.8 Rule 506(b) means no general advertising — sales only to accredited investors the sponsor already knew.

  1. First Form D filedThe public offering record begins.
  2. Offering amount recordedA Form D amendment recorded offering and sales totals.
  3. Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
Filings on record
3
How it may be offered
Rule 506(b)Not advertised publicly. Offered through existing relationships.
Source filing
Read the filings on SEC EDGAR

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.

Chapter 8

Common questions

What happened to Cambria Hotel Austin Downtown?

Top1031 lists Cambria Hotel Austin Downtown as historical. It is no longer raising money.

Where does Top1031 get the data for Cambria Hotel Austin Downtown?

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Can I still invest in Moody Rainey DWTN Austin DST?

No. The Trust is closed to new investors. The final Form D amendment, filed August 12, 2024, reported the $87.2 million offering as fully sold, and no later filing appears on the SEC record as of August 26, 2026.

What property is behind this Trust?

The Cambria Hotel Austin Downtown, a 212-key hotel at 68 East Avenue in Austin's Rainey Street district, appears to be the underlying asset. Be aware that primary public records do not reconcile the Trust with the hotel's title: separate reporting has attributed ownership to Pacific Hotel Austin, management to Azul Hospitality Group, and development and refinancing work to Stratus Development Partners. Confirm the ownership chain in the offering documents.

What happened with the hotel's debt in 2024?

Connect CRE reported on August 27, 2024 that Hunter Hotel Advisors arranged a $48.75 million recapitalization of the 212-key hotel, with bridge financing from Benefit Street Partners secured by Stratus Development Partners in collaboration with Choice Hotels International. Proceeds paid off the construction lender and funded an upfront reserve.

What does Rule 506(b) mean for this offering?

Rule 506(b) is the private-placement exemption that let the sponsor raise capital without registering the securities, on the condition that it did no general advertising or public solicitation. Interests were offered to accredited investors — broadly, those meeting SEC income or net-worth thresholds — with whom the sponsor or its selling group already had a relationship.

Is there a 721 or UPREIT exit path?

No. The record for this Trust shows no 721/UPREIT conversion feature, meaning there is no disclosed structure for exchanging beneficial interests into operating-partnership units of a REIT at exit. Any eventual outcome would come from a sale or refinancing of the hotel.

Has anything been reported about investor outcomes?

On May 3, 2025, The White Law Group published an investigation into potential FINRA arbitration claims on behalf of investors who reported losses in Moody Rainey DWTN Austin DST. That is a law-firm solicitation, not a finding or a judgment. No sale, further refinancing, or sponsor-reported outcome for the Trust was located through August 26, 2026.

Chapter 9

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