Daugherty Property Group Sells Hotel In Port Arthur, TX With Marcus & Millichap Brokers
3115 Central Mall Drive, Port Arthur, Texas 77642, United States
Building Size
—
Asset Type
Hotel
Closing
Feb 1, 2023
About this deal
AI
A hotel located at 3115 Central Mall Dr & 2700 Port Plaza Dr in Port Arthur has been sold. The transaction took place on 01/02/2023. The hotel has a total of 188 keys and is situated in the Port Arthur market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 3115 Central Mall Dr & 2700 Port Plaza Dr
- Market: Port Arthur
- Keys: 188
The seller of the hotel was Daugherty Property Group. The deal was facilitated by brokers Chris Gomes and Allan Miller from Marcus & Millichap.
Players
Port Arthur 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