Siegel Group Nevada Inc Acquires Houston Hotel On North Fwy For $19.5M
16410 North Freeway, Houston, TX 77090, USA
Building Size
110,700 SF
Asset Type
Hotel
Closing
May 5, 2021
About this deal
AI
The hotel located at 16410 North Fwy in Houston has been sold in a recent transaction. The property, spanning 110,700 square feet, was acquired by Siegel Group Nevada Inc. The buyers, Stephen Siegel and Judith Siegel, represented the purchasing entity in the deal.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: Not available
- Address: 16410 North Fwy, Houston
- Market: Houston
This transaction represents the successful sale of the hotel property, with Siegel Group Nevada Inc as the new owner. Stephen Siegel and Judith Siegel, as representatives of the buying entity, played a key role in finalizing the deal.
Players
Houston Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
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