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5300 7th Street

Rushang Patel Acquires Hotel In Bay City From Raheem Shivji With Broker Representation By HVS Brokerage & Advisory
SOLDHotel

Rushang Patel Acquires Hotel In Bay City From Raheem Shivji With Broker Representation By HVS Brokerage & Advisory

5300 7th Street

Building Size

35,592 SF

Asset Type

Hotel

Closing

Mar 17, 2026

AI

The asset involved in this transaction is a hotel located at 5300 7th Street in the Bay City market. The property encompasses 35,592 square feet. The sale was concluded on March 17, 2026.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 5300 7th Street
  • Market: Bay City
  • Seller: Raheem Shivji
  • Buyer: Rushang Patel
  • Seller's Representative: James Rebullida & Eric Guerrero - HVS Brokerage & Advisory

This transaction was facilitated by James Rebullida and Eric Guerrero, who represented the seller, Raheem Shivji, in this deal. Rushang Patel is noted as the buyer in this property transaction.

Players

Eric Guerrero

HVS Brokerage & Advisory

Broker

$10.6M

vol

23 deals

Broker

Rushang Patel

Buyer

1 deal

Buyer

Raheem Shivji

Seller

1 deal

Seller

Bay City 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