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505 North Us Highway 77 Bypass

Devraj Patel Purchases Hotel From Kamlesh Bhikha With Andrew Frosch As Broker In Kingsville
SOLDHotel

Devraj Patel Purchases Hotel From Kamlesh Bhikha With Andrew Frosch As Broker In Kingsville

505 North Us Highway 77 Bypass

Building Size

123,275 SF

Asset Type

Hotel

Closing

Oct 8, 2025

AI

The property asset involved in the transaction is a hotel located at 505 North US Highway 77 Bypass in Kingsville. This asset spans a total square footage of 123,275 and was sold in a transaction that occurred on 10/09/2025.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Buyer: Devraj Patel
  • Seller: Kamlesh Bhikha
  • Broker: Andrew Frosch - HVS Brokerage & Advisory

In this transaction, Devraj Patel is the buyer acquiring the hotel from Kamlesh Bhikha, with the representation of Andrew Frosch from HVS Brokerage & Advisory, facilitating the deal.

Players

Andrew Frosch

HVS Brokerage & Advisory

Broker

$3.3M

vol

19 deals

Broker
HVS Brokerage & Advisory
HVS Brokerage & AdvisoryBrokerage

Kingsville 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