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199 Interstate 45

Manmeet Arora Purchases Hotel At 199 Interstate 45 From Vikas Desai & Ravi Patel
SOLDHotel

Manmeet Arora Purchases Hotel At 199 Interstate 45 From Vikas Desai & Ravi Patel

199 Interstate 45

Building Size

85,424 SF

Asset Type

Hotel

Closing

Dec 30, 2024

AI

The property asset involved in the transaction is a hotel located at 199 Interstate 45 in Huntsville. The hotel spans a total square footage of 85,424. The specifics of the deal include a sale involving two parties for the transfer of ownership of this asset.

Summary of transaction details:

The deal was orchestrated by brokers Eric Guerrero and James Rebullida, representing both buyers and sellers in this transaction. Their involvement facilitated the successful completion of the sale process for the hotel asset, marking a significant moment for the parties involved.

Players

Eric Guerrero

HVS Brokerage & Advisory

Broker

$10.6M

vol

23 deals

Broker

Conroe 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