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4 Chalet Road

Jamsan Management Acquires Fairfield Inn & Suites In Middleboro For $9.25M
SOLDHotel

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

Ashok Patel

Buyer

$16.8M

vol

2 deals

Buyer

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