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3109 Us Highway 259 Busines...

Amish Patel Purchases 63 Room Hampton Inn From Imran Damani In Kilgore Texas
SOLDHotel

Amish Patel Purchases 63 Room Hampton Inn From Imran Damani In Kilgore Texas

3109 Us Highway 259 Business North

Building Size

38,995 SF

Asset Type

Hotel

Closing

Dec 4, 2025

AI

The transaction involved the sale of a hotel asset, specifically the 63-room Hampton Inn, located at 3109 US Highway 259 Business North, Kilgore, TX. The hotel has a total square footage of 38,995 and was sold as part of a Bankruptcy Sale.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not specified
  • Address: 3109 US Highway 259 Business North
  • Market: Kilgore
  • Asset Size: 63 Keys
  • Square Footage: 38,995
  • Buyer: Amish Patel
  • Seller: Imran Damani - Windsor Hotel Group
  • Broker: Ryan Patterson - Mumford Company

Ryan Patterson with Mumford Company facilitated the sale and is instrumental in the transition of the property as it is being converted over into the Wyndham Hotel Franchise.

Players

Ryan Patterson
Verified Badge

Ryan Patterson

Mumford Company

Broker

3 deals

Broker
Mumford Company
Mumford CompanyBrokerage

Amish Patel

Buyer

$65.2M

vol

3 deals

Buyer

Kilgore 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