Nivas Hospitality Acquires Hotel In Donna, TX From PCS Properties
495 East Expressway 83
Building Size
36,463 SF
Asset Type
Hotel
Closing
Nov 15, 2023
About this deal
AI
A hotel located at 495 East Expressway 83 in Donna, TX has been sold in a recent transaction. The property spans a total area of 36,463 square feet.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Buyer: Nivas Hospitality - Keerti Chaudhari
- Seller: PCS Properties - Keerti Chaudhri
- Broker: Jatin "JT" Jariwala - Hotel Brokers of America
- Market: Donna, TX
The buyer of the hotel property is Nivas Hospitality, represented by Keerti Chaudhari. The seller is PCS Properties, also represented by Keerti Chaudhri. The transaction was facilitated by Jatin "JT" Jariwala from Hotel Brokers of America.
On the Map
Hotel
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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