Eshan Mithani And Amir Jooma Acquire Candlewood Suites Hotel In Houston From Bruce Chi
11280 Westheimer Road
Building Size
42,384 SF
Asset Type
Hotel
Closing
Jan 29, 2026
About this deal
AI
The transaction involves the sale of the Candlewood Suites Houston Westchase, an extended-stay hotel with 81 keys, located at 11280 Westheimer Road in Houston. The asset encompasses a total square footage of 42,384 and is positioned within a strong market for hospitality assets.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: Undisclosed
- Address: 11280 Westheimer Road
- Market: Houston
- Keys: 81
- Square Footage: 42,384
- Buyer: Eshan Mithani & Amir Jooma
- Seller: Bruce Chi
- Broker: Rorik Seth - Seth Equities
Seth Equities facilitated the sale on behalf of Fate International, assisting in the disposal of the asset to an out-of-state ownership group. The transaction underscores the ongoing demand from investors for extended-stay hospitality properties in key Texas markets.
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Houston Hotel Market Snapshot
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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