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:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 2100 North Wheeler Street
- Market: Jasper
- Asset Size: 156,946 SF
- Buyer: Bhavin Patel
- Seller: Bakul Patel
- Brokers: Andrew Frosch & Matt Almy - HVS Brokerage & Advisory
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
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