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122 South Alister Street

Kalpesh Chaudhari Acquires Hotel From Charles Crawford Sr. Represented By Andrew Frosch In Port Aransas
SOLDHotel

Kalpesh Chaudhari Acquires Hotel From Charles Crawford Sr. Represented By Andrew Frosch In Port Aransas

122 South Alister Street

Building Size

24,000 SF

Asset Type

Hotel

Closing

Dec 20, 2024

AI

The asset involved in this transaction is a hotel located at 122 South Alister Street in Port Aransas. The hotel encompasses a total square footage of 24,000. The specifics regarding the transaction amount have not been provided in the context.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 122 South Alister Street
  • Market: Port Aransas
  • Buyer: Kalpesh Chaudhari
  • Seller: Charles Crawford Sr.
  • Broker: Andrew Frosch - HVS Brokerage & Advisory

Key individuals involved in this transaction include Kalpesh Chaudhari, the buyer, and Charles Crawford Sr., the seller. The brokerage firm representing the transaction is HVS Brokerage & Advisory, with Andrew Frosch acting as the broker. The deal reflects the collaboration between these professionals in the Port Aransas market.

Players

Andrew Frosch

HVS Brokerage & Advisory

Broker

$3.3M

vol

19 deals

Broker

Port Aransas 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93