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1904 E Pioneer Pkwy, Arling...

Aman H. Patel Acquires 25,532 SF Hotel In Arlington, TX From Dharmesh Patel
SOLDHotel

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

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.

Players

PG
Patel Capital GroupsBuyer

Texas 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