Triumph Hospitality's Alpa Patel Secures $6.5M Refinance Loan For Denham Springs Hotel
FINANCED
$6,500,000
Louisiana
See Similar DealsHotel40,000 SF
Financed 04/29/2025
FINANCED
Triumph Hospitality's Alpa Patel Secures $6.5M Refinance Loan For Denham Springs Hotel
201 Rushing Road West
See Similar DealsHotel40,000 SF
Financed 04/29/2025
Summary
LOUISIANA
Asset Type:Hotel
Price Per Square Foot:$162
Total Square Footage:40,000 SF
Transaction Type:Loan
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.
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
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,500,000.00
Monthly NOI$43,333.33
Monthly Debt Service$41,084.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions