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
About this deal
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.
On the Map
Hotel
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Jasper Hotel Market Snapshot
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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