Khair Mgmt Inc Acquires Hotel In Fayetteville, AR For $9.6M
3350 West Jewell Road, Fayetteville, Arkansas 72704, United States
$9,600,000
Building Size
—
Asset Type
Hotel
Closing
Nov 28, 2022
AI
The hotel located at 3350 W Jewell Rd in Fayetteville, AR has been sold in a transaction that took place on 11/28/2022. The property, owned by Donda Investment LLC - Minesh Patel & Vibha Patel, was purchased by Khair Mgmt Inc - Shahid Sheikh for a total sale price of $9,600,000. The hotel comprises 82 keys and has a price per key (PPK) of $117,073.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $9,600,000
- Address: 3350 W Jewell Rd, Fayetteville, AR
- Market: Fayetteville, AR
- Buyer: Khair Mgmt Inc - Shahid Sheikh
- Seller: Donda Investment LLC - Minesh Patel & Vibha Patel
- Key Count: 82
- Price per Key (PPK): $117,073
Khair Mgmt Inc - Shahid Sheikh represented the buyer's side in the transaction as their broker.
Players
Fayetteville Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93