Dr. Uma Shankar Purchases Comfort Inn & Suites Hotel In Fredericksburg From Sam Patel
723 South Washington Street
Building Size
23,400 SF
Asset Type
Hotel
Closing
Dec 18, 2025
AI
The asset involved in this transaction is a hotel located at 723 South Washington Street in Fredericksburg. The property features 58 keys and encompasses a total square footage of 23,400. This off-market transaction pertains to the Comfort Inn & Suites Choice Hotel situated in the Texas Hill Country.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 723 South Washington Street
- Market: Fredericksburg
- Keys: 58
- Square Footage: 23,400
- Buyer: Dr. Uma Shankar
- Seller: Sam Patel
- Broker: Ryan Patterson - Mumford Company
Dr. Uma Shankar acted as the buyer in this transaction, while Sam Patel was the seller. Ryan Patterson from Mumford Company played a role in facilitating this deal, indicating the involvement of a professional broker specialized in real estate transactions.
Players
Fredericksburg 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