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3615 Timon Boulevard

Velan Marimuthu Purchases Hotel On Timon Boulevard From Kamlesh Bhikha For Undisclosed Amount
SOLDHotel

Velan Marimuthu Purchases Hotel On Timon Boulevard From Kamlesh Bhikha For Undisclosed Amount

3615 Timon Boulevard

Building Size

49,222 SF

Asset Type

Hotel

Closing

Jul 30, 2026

AI

The property asset involved in the transaction is a hotel located at 3615 Timon Boulevard in Corpus Christi. The total square footage of the hotel is 49,222. The deal was completed on July 30, 2026.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 3615 Timon Boulevard
  • Market: Corpus Christi
  • Square Footage: 49,222
  • Buyer: Velan Marimuthu
  • Seller: Kamlesh Bhikha
  • Broker: Andrew Frosch - HVS Brokerage & Advisory

The transaction was positioned within the Corpus Christi market, with Velan Marimuthu acting as the buyer, while Kamlesh Bhikha was the seller. Andrew Frosch of HVS Brokerage & Advisory represented the transaction as the broker.

Players

Andrew Frosch

HVS Brokerage & Advisory

Broker

$3.3M

vol

19 deals

Broker

Corpus Christi 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