Jayden Patel Acquires Hotel In Monahans With Financing From Lakshmi Investment Group
2021 South Ilda Avenue
Building Size
54,374 SF
Asset Type
Hotel
Closing
Feb 24, 2026
AI
The property involved in the transaction is a hotel located at 2021 South Ilda Avenue, Monahans. It encompasses a total of 54,374 square feet, indicating its sizable presence in the market.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Buyer: Jayden Patel
- Broker: Austin Brooks - Hodges Ward Elliott
- Financing: Harsh Patel, Jose De Paz & Ricky Patel - Lakshmi Investment Group (LIG Hotels)
- Transaction Date: 02/25/2026
In this transaction, Austin Brooks from Hodges Ward Elliott represented the buyer, Jayden Patel. Financing for the deal was secured through Harsh Patel, Jose De Paz, and Ricky Patel, who are affiliated with Lakshmi Investment Group (LIG Hotels).
Players
Monahans 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