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2201 NW Frontage Rd, Beevil...

Marcus & Millichap Brokers Sell 79-Room Hotel In Beeville, Texas
SOLDHotel

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

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.

Players

Allan Miller

Marcus & Millichap

Broker

$162.9M

vol

51 deals

Broker

Beeville 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