NewcrestImage Acquires Hotel In Irving With Mehul Patel From Mehul Patel Realty
900 West Walnut Hill Lane, Irving, Texas 75038, United States
Building Size
—
Asset Type
Hotel
Closing
Jul 27, 2022
About this deal
AI
On 07/28/2022, a hotel located at 900 West Walnut Hill Lane in Irving was sold. The hotel consists of 135 keys and was purchased by NewcrestImage, represented by Mehul Patel.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 900 West Walnut Hill Lane, Irving
- Market: Irving
Mehul Patel, representing NewcrestImage, was the buyer in this transaction.
Traded’s record for 900 West Walnut Hill Lane, Irving, Texas 75038, United States in Irving, Texas covers a hotel sale from 2022. 900 West Walnut Hill Lane, Irving, Texas 75038, United States is classified as Hotel on Traded. This page is the Irving, Texas file for the 900 West Walnut Hill Lane, Irving, Texas 75038, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Irving sit in the Market section below. Filter that Irving hotel set by closing date to see what else sold near 900 West Walnut Hill Lane, Irving, Texas 75038, United States around 2022. Cite this NewcrestImage Acquires Hotel In Irving With Mehul Patel From Mehul Patel Realty sale when underwriting similar hotel product around Irving, Texas.
Players
Irving 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