Jamsan Management Acquires Fairfield Inn & Suites In Middleboro For $9.25M
4 Chalet Road
$9,250,000
Building Size
—
Asset Type
Hotel
Closing
Nov 1, 2023
AI
Ashok Patel's Jamsan Management has acquired the Fairfield Inn & Suites in Middleboro, Massachusetts for a price of $9.25 million. The hotel property, located at 4 Chalet Road, features 100 rooms available for guests. With a price per room of $92,500, this acquisition adds to Jamsan Management's portfolio.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $9,250,000
- Address: 4 Chalet Road - Fairfield Inn & Suites by Marriott Raynham
- Market: Middleboro, MA
- Bedrooms: 100
- Price per Room: $92,500
Jamsan Management, represented by Ashok Patel, successfully closed the deal to purchase the Fairfield Inn & Suites. The seller, James G. Jalet, III of JNR Management, completed the transaction with Jamsan Management for the hotel property in Middleboro, Massachusetts.
Players
Middleboro 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93