UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 6, 2025
MOODY NATIONAL REIT II, INC.
(Exact Name of Registrant as Specified in Its Charter)
Maryland (State or other jurisdiction of incorporation) | 000-55778 (Commission File Number) | 47-1436295 (I.R.S. Employer Identification No.) |
Moody National Companies
9655 Katy Freeway, Suite 600
Houston, TX 77024
(Address of principal executive offices, including zip code)
(713) 977-7500
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities registered or to be registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
None | None | None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.01. Completion of Acquisition or Disposition of Assets.
Residence Inn Grapevine
On February 6, 2025, Moody National REIT II, Inc. (the “Company”) sold the hotel property located at 2020 State Highway 26, Grapevine, TX 76051 (the “Residence Inn Grapevine”) to MCR Hotel Acquisitions, LLC, a Delaware limited liability company unaffiliated with the Company (the “Purchaser”), for an aggregate sale price of $22,500,000. The Residence Inn Grapevine is a 133-room select service hotel built in 2007.
The foregoing description of the sale of the Residence Inn Grapevine does not purport to be complete and is qualified in its entirety by reference to the text of the purchase and sale agreement with respect to the Residence Inn Grapevine, a copy of which is attached as Exhibit 10.1 to the Current Report on Form 8-K filed by the Company on December 19, 2024.
Residence Inn Austin
On February 6, 2025, the Company sold the hotel property located at 1209 E 51st Street, Austin, TX 78723 (the “Residence Inn Austin”) to the Purchaser for an aggregate sale price of $20,500,000. The Residence Inn Austin is a 112-room select service hotel built in 2014.
The foregoing description of the sale of the Residence Inn Austin does not purport to be complete and is qualified in its entirety by reference to the text of the purchase and sale agreement with respect to the Residence Inn Austin, a copy of which is attached as Exhibit 10.2 to the Current Report on Form 8-K filed by the Company on December 19, 2024.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: February 12, 2025 | MOODY NATIONAL REIT II, INC. |
| |
| By: | /s/ Brett C. Moody |
| | Brett C. Moody |
| | Chief Executive Officer and President |