facebook

traded

+ Submit
Home

/

Deals

/

Virginia

/

Hotel

/

Sale

/

3901 Fettler Park Dr, Dumfr...

Ketan Patel And Kevin Hanley Of HREC Investment Advisors Represent Seller In Dumfries Sale
SOLDHotel

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

Ketan Patel

JLL

Broker

$53.2M

vol

6 deals

Broker

Dumfries Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

Loading comparables…

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