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
About this deal
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.
On the Map
Hotel
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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