Aman H. Patel Of Patel Capital Groups Acquires Hotel In Victoria From Omair Bashir
7502 North Navarro Street
Building Size
28,188 SF
Asset Type
Hotel
Closing
Sep 14, 2026
About this deal
AI
The property asset involved in the transaction is a hotel located at 7502 North Navarro Street in Victoria, encompassing a square footage of 28,188. The sale was completed on 09/14/2026.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Buyer: Aman H. Patel - Patel Capital Groups; Jatin J. Patel & Vishvash Bhakta
- Seller: Omair Bashir
The buyers are associated with Patel Capital Groups, a company that specializes in structuring financing for hotel acquisitions and repositioning opportunities. They have plans to expand within the Marriott system, with several new properties set to open in 2026 and 2027.
On the Map
Hotel
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Players
Victoria 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