Raj Patel's Yash Hospitality Inc Acquires Hyatt Place Bloomington MN For $7.4M
7800 International Drive
$7,400,000
Building Size
—
Asset Type
Hotel
Closing
Jul 21, 2025
About this deal
AI
The property asset involved is a 126-room hotel located at 7800 International Drive in Bloomington, MN. The hotel was sold for $7,400,000, which reflects a significant decrease from its 2015 price. The transaction showcases the hotel market's dynamics, particularly in proximity to the Minneapolis-St. Paul Airport.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $7,400,000
- Buyer: Raj Patel
- Company: Yash Hospitality Inc.
- Keys: 126
- PPK: $58,730
- Market: Bloomington, MN
- Sale Date: 07/21/2025
Raj Patel, representing Yash Hospitality Inc., has now acquired five properties in the Twin Cities region. The hotel was put up for auction with a starting bid of $2,200,000, indicating a strategic approach to increase affordability. Plans for future upgrades and more hands-on management have been expressed by the buyer.
On the Map
$7,400,000
Hotel
View full map
Players
Minneapolis Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse Minneapolis hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93