Aman H. Patel Acquires 25,532 SF Hotel In Arlington, TX From Dharmesh Patel
1904 E Pioneer Pkwy, Arlington, TX 76010, United States
Building Size
25,532 SF
Asset Type
Hotel
Closing
Jul 14, 2023
About this deal
AI
A hotel located at 1904 Pioneer Parkway in Arlington, TX has been sold in a recent transaction. The hotel spans an area of 25,532 square feet.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not available
- Address: 1904 Pioneer Parkway, Arlington, TX
- Market: Arlington, TX
- Buyer: Aman H. Patel - Patel Capital Groups
- Seller: Dharmesh Patel
Aman H. Patel, representing Patel Capital Groups, purchased the hotel located at 1904 Pioneer Parkway in Arlington, TX. Dharmesh Patel served as the seller in this transaction.
On the Map
Hotel
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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