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2100 North Wheeler Street

Bhavin Patel Acquires Hotel From Bakul Patel With Brokers Andrew Frosch & Matt Almy In Jasper
SOLDHotel

Bhavin Patel Acquires Hotel From Bakul Patel With Brokers Andrew Frosch & Matt Almy In Jasper

2100 North Wheeler Street

Building Size

156,946 SF

Asset Type

Hotel

Closing

Dec 11, 2024

AI

The property involved in this transaction is a hotel located at 2100 North Wheeler Street, Jasper. This asset has a total square footage of 156,946.

Summary of transaction details:

Andrew Frosch and Matt Almy represented the buyer, Bhavin Patel, in this transaction. The seller, Bakul Patel, was represented in the deal as well.

Players

Andrew Frosch

HVS Brokerage & Advisory

Broker

$3.3M

vol

19 deals

Broker

Jasper 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