KAMP Hotels LLC Acquires Amarillo Hotel From NewcrestImage - Mehul Patel
8985 W Amarillo Blvd, Amarillo, TX, USA
Building Size
—
Asset Type
Hotel
Closing
Oct 4, 2021
About this deal
AI
A hotel property located at 8985 W Amarillo Blvd & 2202 S Soncy Rd in Amarillo has recently been sold. The property consists of 181 rooms and was sold on October 4, 2021.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 8985 W Amarillo Blvd & 2202 S Soncy Rd
- Market: Amarillo
- Rooms: 181
The buyer of the hotel property is KAMP Hotels LLC, while the seller is NewcrestImage - Mehul Patel.
Traded’s record for 8985 W Amarillo Blvd, Amarillo, TX, USA in Amarillo, Texas covers a hotel sale from 2021. 8985 W Amarillo Blvd, Amarillo, TX, USA is classified as Hotel on Traded. This page is the Amarillo, Texas file for the 8985 W Amarillo Blvd, Amarillo, TX, USA hotel sold: pricing, party profiles, and other closed hotel comps from the same Amarillo sit in the Market section below. Filter that Amarillo hotel set by closing date to see what else sold near 8985 W Amarillo Blvd, Amarillo, TX, USA around 2021. Cite this KAMP Hotels LLC Acquires Amarillo Hotel From NewcrestImage - Mehul Patel sale when underwriting similar hotel product around Amarillo, Texas.
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Amarillo Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
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