Neal Patel Acquires 40-Key Hotel In Channelview, TX From Kiran Bhakta

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.