Rajwant Kaur Purchases Hotel From Harish Dani With Representation From Eric Guerrero & James Rebullia
14055 Park Dr
Building Size
91,676 SF
Asset Type
Hotel
Closing
Oct 31, 2024
About this deal
AI
The property involved in this transaction is a hotel located at 14055 Park Drive in Tomball. The hotel is situated in a notable market area, contributing to its value in the hospitality sector.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Buyer: Rajwant Kaur
- Seller: Harish Dani
- Broker: Eric Guerrero & James Rebullia - HVS Brokerage & Advisory
- Transaction Date: 10/31/2024
This transaction involved key representatives, with Eric Guerrero and James Rebullia acting on behalf of the seller Harish Dani. Their involvement highlights the professional brokerage initiated to facilitate the sale between the buyer and seller in this closing deal.
On the Map
Hotel
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Players
Tomball 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