Marcus & Millichap Sells Wingate By Wyndham Longview North Hotel In Longview, Texas
615 City Ctr Wy Longview, TX 75605, USA
Building Size
—
Asset Type
Hotel
Closing
May 19, 2023
About this deal
AI
The Miller-Gomes Hotel Team of Marcus & Millichap has facilitated the sale of Wingate by Wyndham Longview North, a 67-room hotel property located at 615 City Ctr Way in Longview, Texas. The hotel is situated in the heart of Longview and offers comfortable accommodations for guests visiting the area.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 615 City Ctr Way, Longview, Texas
- Market: Longview
- Number of Keys: 67
The Miller-Gomes Hotel Team, consisting of Allan Miller, Chris Gomes, Hussain Shaik, and Skyler Cooper, both represented the seller and the buyer in this transaction. Their expertise in the hotel industry allowed for a successful deal, ensuring both parties were satisfied with the outcome.
Players
Texas 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