Marcus & Millichap Brokers Sell 79-Room Hotel In Beeville, Texas
2201 NW Frontage Rd, Beeville, TX, USA
Building Size
—
Asset Type
Hotel
Closing
May 13, 2021
About this deal
AI
The property involved in the transaction is a hotel located at 2201 NW Frontage Rd in Beeville. It consists of 79 rooms and was sold on May 14, 2021. The hotel is represented by brokers Matt Omansky, Allan Miller, Chris Gomes, Andrew Frosch, and Joseph Manuel from Marcus & Millichap. No additional details are provided about the hotel's characteristics, price, or market value.
Summary of transaction details
- Property Type: Hotel
- Transaction Date: 05/14/2021
- Address: 2201 NW Frontage Rd
- Market: Beeville
- Rooms: 79
The deal involved the participation of brokers Matt Omansky, Allan Miller, Chris Gomes, Andrew Frosch, and Joseph Manuel from Marcus & Millichap. They facilitated the sale of the hotel property, but no further information is provided about their role or involvement in the transaction.
On the Map
Hotel
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Beeville 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