Ketan Patel And Kevin Hanley Of HREC Investment Advisors Represent Seller In Dumfries Sale
3901 Fettler Park Dr, Dumfries, VA, 22...
Building Size
—
Asset Type
Hotel
Closing
Nov 20, 2023
AI
The property asset involved in the transaction is the Holiday Inn Dumfries-Quantico Center, a 107-room hotel located at 3901 Fettler Park Drive in Dumfries, VA. This hotel is situated approximately 30 miles from downtown Washington, D.C. It features amenities such as complimentary wired and wireless internet access, 32-inch TVs with cable programming, an outdoor pool, a 24-hour fitness center, and the Quantico Bar and Grill. The hotel has a square footage of 0, indicating the square footage was not provided, and the price is undisclosed.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Undisclosed
- Address: 3901 Fettler Park Dr, Dumfries, VA
- Market: Dumfries
- Seller: Nabria Capital
- Seller's Representatives: Ketan Patel, HREC Investment Advisors; Kevin Hanley, HREC
- Buyer: Unknown
The transaction involved the sale of the property, with Ketan Patel and Kevin Hanley representing the seller in the deal. The hotel is located 6.4 miles from Marine Corps Base Quantico, underscoring its relevance to travelers and military personnel.
Players
Dumfries 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