Jay Shani of RS 150 Hospitality Purchases Hotel In Houston From Alejandro Arregui With Brokers Eric Guerrero & James Rebullida
150 Wagon Point
Building Size
84,306 SF
Asset Type
Hotel
Closing
Dec 27, 2024
AI
The property asset involved in this transaction is a hotel located at 150 Wagon Point in the Houston market. The hotel comprises a total area of 84,306 square feet.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 150 Wagon Point
- Market: Houston
- Square Footage: 84,306
- Buyer: RS 150 Hospitality - Jay Shani
- Seller: Alejandro Arregui
- Broker Representatives: Eric Guerrero & James Rebullida - HVS Brokerage & Advisory
This transaction was facilitated by Eric Guerrero and James Rebullida, who represented the seller Alejandro Arregui during the sale. Their roles were crucial in connecting the buyer Jay Shani of RS 150 Hospitality with the seller.
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