SOLDHotel
Raj Patel Purchases Hotel In Bedford From Rohit Dand With Brokers Eric Guerrero & Matt Almy
2609 Airport Freeway
Building Size
101,364 SF
Asset Type
Hotel
Closing
Jul 30, 2025
About this deal
AI
The asset involved in the transaction is a hotel located at 2609 Airport Freeway in Bedford, encompassing a total square footage of 101,364. The purchase was executed on July 31, 2025.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 2609 Airport Freeway
- Market: Bedford
- Square Footage: 101,364
- Buyer: Raj Patel
- Seller: Rohit Dand
- Broker Representatives: Eric Guerrero & Matt Almy - HVS Brokerage & Advisory
The transaction features Raj Patel as the buyer and Rohit Dand as the seller, with the representation of Eric Guerrero and Matt Almy, who are affiliated with HVS Brokerage & Advisory, highlighting their roles in facilitating the deal.
On the Map
Hotel
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Players
Bedford 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