Private LLC Acquires Property At 15350 John F Kennedy Blvd Houston With Seller's Rep HVS Brokerage & Advisory
15350 John F Kennedy BLVD, Houston...
Building Size
—
Asset Type
Hotel
Closing
Nov 19, 2023
AI
The property involved in the transaction is the Ramada Houston Intercontinental Airport South, a hotel with 96 rooms located at 15350 John F Kennedy Blvd, Houston. The hotel is situated approximately four miles from George Bush Intercontinental Airport. The specific transaction amount was not disclosed, and the total square footage of the property is 0.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 15350 John F Kennedy BLVD, Houston
- Market: Houston
- Seller's Representative: Lisa Hankamer, Allan Miller, Andrew Frosch - HVS Brokerage & Advisory, Christopher (Chris) Gomes - Marcus & Millichap
- Buyer: Private LLC
In this transaction, Marcus & Millichap facilitated the sale and also procured the buyer, a Dallas-based limited liability company. The seller was represented by Lisa Hankamer, Andrew Frosch, Allan Miller from HVS Brokerage & Advisory, and Chris Gomes from Marcus & Millichap. Other terms of sale have not been disclosed.
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