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Marcus & Millichap Sells 120-Room Red Roof Plus& Hotel In West Houston
SOLD
Texas
See Similar DealsHotel
Sold
SOLD
Marcus & Millichap Sells 120-Room Red Roof Plus& Hotel In West Houston
15701 Park Ten Place
See Similar DealsHotel
Sold
Summary
TEXAS
Asset Type:Hotel
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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