Neal Patel Acquires 40-Key Hotel In Channelview, TX From Kiran Bhakta
SOLD
Texas
See Similar DealsHotel88,427 SF
Sold 05/13/2024
SOLD
Neal Patel Acquires 40-Key Hotel In Channelview, TX From Kiran Bhakta
16007 East Freeway Frontage Road
See Similar DealsHotel88,427 SF
Sold 05/13/2024
Summary
TEXAS
Asset Type:Hotel
Price Per Square Foot:$0
Total Square Footage:88,427 SF
Transaction Type:Sale
The Palace Inn Channelview is a 40-room, two-story Hotel located at 16007 East Freeway Frontage Road in Channelview, Texas. Situated just off Interstate 10, this property boasts a strategic location that attracts nearly 130,000 vehicles daily. With a total square footage of 88,427, this Hotel presents a lucrative investment opportunity in the vibrant Channelview market.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Keys: 40
- Square Footage: 88,427
- Address: 16007 East Freeway Frontage Road - Palace Inn Channelview
- Market: Channelview
Rajan Patel from Marcus & Millichap played a pivotal role as the broker in the sale of the Palace Inn Channelview. Facilitating the transaction between the buyer, Neal Patel, and the seller, Kiran Bhakta, Rajan Patel ensured a seamless process for all parties involved. This successful deal underscores the expertise and professionalism of the individuals and firms driving commercial real estate transactions in Channelview, Texas.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
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
Is there something missing? Send suggestions