Nexgen Management Acquires 139-Room Hampton Inn & Suites In El Paso With Broker Kami Burnette & Mason McDavid
6635 Gateway Boulevard West
Building Size
—
Asset Type
Hotel
Closing
Jul 18, 2025
AI
The property involved in this transaction is a hotel asset known as the Hampton Inn & Suites El Paso-Airport, which features 139 guest rooms. It is located at 6635 Gateway Boulevard West in the El Paso market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Undisclosed
- Address: 6635 Gateway Boulevard West
- Market: El Paso
- Number of Rooms: 139
- Buyer: Nexgen Management
- Sellers: Undisclosed institutional seller
- Brokers: Kami Burnette & Mason McDavid - Hunter Hotel Advisors
Nexgen Management successfully acquired the hotel from an undisclosed institutional seller, marking a strategic investment in the El Paso area. The transaction was facilitated by brokers Kami Burnette and Mason McDavid of Hunter Hotel Advisors, who played a key role in bringing the deal to fruition.
Players
El Paso 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