Khair Mgmt Inc Acquires Hotel In Fayetteville, AR For $9.6M
SOLD
$9,600,000
Arkansas
See Similar DealsHotel
Sold 11/28/2022
SOLD
Khair Mgmt Inc Acquires Hotel In Fayetteville, AR For $9.6M
3350 West Jewell Road, Fayetteville, Arkansas 72704, United States
See Similar DealsHotel
Sold 11/28/2022
Summary
ARKANSAS
Asset Type:Hotel
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$511,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77
Is there something missing? Send suggestions