Host Hotels & Resorts Inc. Acquires Houston Hotel On Dallas St For $65M - James F Risoleo
1070 West Dallas Street, Houston, TX, USA
$65,000,000
$342/SF
Building Size
190,000 SF
Asset Type
Hotel
Closing
Aug 11, 2020
About this deal
AI
Host Hotels & Resorts Inc., represented by James F Risoleo, has acquired a hotel property located at 1070 Dallas St in Houston. This transaction took place on 08/11/2021.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $65,000,000
- Address: 1070 Dallas St, Houston
- Market: Houston
The hotel property was sold for a total price of $65,000,000. It comprises a total of 223 keys, resulting in a price per key of $291,480.
James F Risoleo, from Host Hotels & Resorts Inc., played a key role as the buyer's representative in this transaction.
On the Map
$65,000,000
$342/SF
Hotel
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Players
Houston 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93