Marcus & Millichap Brokers Allen Parkway Hotel Sale In Houston
12701 North Freeway, Houston, TX, USA
Building Size
49,866 SF
Asset Type
Hotel
Closing
Mar 31, 2021
About this deal
AI
A hotel located at 12701 North Freeway in Houston has been sold. The transaction took place on April 1, 2021, and was facilitated by Marcus & Millichap. The hotel, consisting of 97 keys, changed ownership in this closed deal.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 12701 North Freeway
- Market: Houston
The deal was handled by Andrew Frosch, Louis Dan, Chris Gomes, and Allan Miller from Marcus & Millichap.
Traded’s record for 12701 North Freeway, Houston, TX, USA in Houston, Texas covers a hotel sale from 2021. The building is 49,866 square feet, implying about 0 per square foot on the published price. Louis Dan, Christopher (Chris) Gomes, Andrew Frosch, Allan Miller appear on the sale alongside Marcus & Millichap, HVS Brokerage & Advisory. This page is the Houston, Texas file for the 12701 North Freeway, Houston, TX, USA hotel sold: pricing, party profiles, and other closed hotel comps from the same Houston sit in the Market section below. Filter that Houston hotel set by closing date to see what else sold near 12701 North Freeway, Houston, TX, USA around 2021. Cite this Marcus & Millichap Brokers Allen Parkway Hotel Sale In Houston sale when underwriting similar hotel product around Houston, Texas.
Players
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