SOLDHotel
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
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.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93