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
About this deal
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.
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Hotel
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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