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
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