Triumph Hospitality's Alpa Patel Secures $6.5M Refinance Loan For Denham Springs Hotel
201 Rushing Road West
$6,500,000
$162/SF
Building Size
40,000 SF
Asset Type
Hotel
Closing
Apr 29, 2025
About this deal
AI
The property asset involved in this transaction is a hotel located at 201 Rushing Road West in Denham Springs, LA. The hotel spans a total area of 40,000 square feet and comprises 80 keys. This asset is noteworthy for its scale and location within the Denham Springs market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $6,500,000
- Loan Amount: $6,500,000
- Loan Type: Refinance
- Lender: US Bank
- Landlord: Triumph Hospitality - Alpa Patel
- Broker: Daniel Kowalsky - HKS Real Estate Advisors
The transaction is represented by broker Daniel Kowalsky, affiliated with HKS Real Estate Advisors, facilitating the refinance of the hotel property on behalf of Triumph Hospitality, represented by Alpa Patel. This deal underscores the active engagement in the hospitality sector of the Denham Springs market.
On the Map
$6,500,000
$162/SF
Hotel
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Players
Denham Springs Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93