Marcus & Millichap Brokers Allan Miller, Chris Gomes & Matt Omansky Facilitate Sale Of 126-Key Hotel In Fort Worth
4635 Gemini Place, Fort Worth, Texas 76106, United States
Building Size
—
Asset Type
Hotel
Closing
Mar 3, 2022
About this deal
AI
The hotel located at 4635 Gemini Place in Fort Worth has been sold in a closed transaction. The sale was facilitated by Allan Miller, Chris Gomes, and Matt Omansky from Marcus & Millichap. The hotel consists of 126 keys and was sold on 03/04/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 4635 Gemini Place, Fort Worth
- Market: Fort Worth
- Keys: 126
Allan Miller, Chris Gomes, and Matt Omansky from Marcus & Millichap acted as the brokers in this transaction.
On the Map
Hotel
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Players
Fort Worth 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