Marcus & Millichap Sells 120-Room Red Roof Plus& Hotel In West Houston
15701 Park Ten Place
Building Size
—
Asset Type
Hotel
Closing
Feb 4, 2026
About this deal
AI
The transaction involved the sale of a 120-room Red Roof Plus+ hotel located at 15701 Park Ten Place in West Houston. Built in 1995, the hotel features amenities such as a breakfast area, fitness center, and onsite laundry facilities.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Market: Houston
- Asset Keys: 120
- Address: 15701 Park Ten Place - Red Roof Plus+
- Brokers: Chris Gomes, Allan Miller, Rajan Patel & Skyler Cooper - Marcus & Millichap
- Seller Representative: Skyler Cooper
- Buyer: Both parties were LLCs
The sale was brokered by Marcus & Millichap, with Skyler Cooper representing the seller and procuring the buyer, supported by Chris Gomes, Allan Miller, and Rajan Patel.
On the Map
Hotel
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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