Khair Mgmt Inc Acquires Hotel In Fayetteville, AR For $9.6M

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.