Shreeji Hotels LLC Acquires Hotel In Gulfport, MS For $4.4M
9375 US Route 49, Gulfport, Mississippi 39503, United States
$4,400,000
Building Size
—
Asset Type
Hotel
Closing
Apr 17, 2023
AI
A hotel located at 9375 US 49 in Gulfport, MS, has been sold in a recent transaction. The property was purchased by Shreeji Hotels LLC from NH Hotel LLC for a total sale price of $4,400,000. The hotel comprises 95 rooms and has a price per key of $46,316.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $4,400,000
- Address: 9375 US 49, Gulfport, MS
- Market: Gulfport, MS
- Buyer: Shreeji Hotels LLC
- Seller: NH Hotel LLC
- Brokers: Ahmed Kabani, Lucas Mondino & Suraj Dalal - Marcus & Millichap
- Keys: 95
- Price Per Key: $46,316
Ahmed Kabani, Lucas Mondino, and Suraj Dalal of Marcus & Millichap represented the buyer and seller in this transaction.
Players
Gulfport 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93