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723 South Washington Street

Dr. Uma Shankar Purchases Comfort Inn & Suites Hotel In Fredericksburg From Sam Patel
SOLDHotel

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

Ryan Patterson
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Ryan Patterson

Mumford Company

Broker

3 deals

Broker
Mumford Company
Mumford CompanyBrokerage

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