Andrew Frosch, Chris Gomes, & Allan Miller Of Marcus & Millichap Sell 58-Room Hotel In Roanoke On Dorman Rd
337 Dorman Road, Roanoke, TX 76262
Building Size
30,710 SF
Asset Type
Hotel
Closing
May 28, 2020
About this deal
AI
337 Dorman Rd, located in Roanoke, was recently sold in a closed transaction. This property is a hotel with a total of 58 rooms. The sale was facilitated by Andrew Frosch, Chris Gomes, & Allan Miller from Marcus & Millichap.
Summary of transaction details
- Property Type: Hotel
- Transaction Date: 05/28/2021
- Address: 337 Dorman Rd
- Market: Roanoke
- Rooms: 58
Andrew Frosch, Chris Gomes, & Allan Miller, representing Marcus & Millichap, played a crucial role as brokers in this sale. They successfully facilitated the transaction, showcasing their expertise in the hospitality property market.
Players
Roanoke 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