Alex Cartwright Acquires 100-Key HomeTowne Studios In Channelview From Paril Patel And Sam Bhula

The transaction involved a hotel asset located at 17011 East Freeway Frontage Road in Channelview, comprising 100 keys. The property underwent a full renovation that included kitchenettes in every room along with a new FF&E package prior to the sale.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not specified
• Address: 17011 East Freeway Frontage Road
• Market: Channelview
• Asset Keys: 100
• Buyer: Alex Cartwright
• Seller: Paril Patel & Sam Bhula
• Broker: Rorik Seth - Amin Realty

Amin Realty, Inc acted as the exclusive listing broker for the owner, Shree Dasha Maa, LLC during this transaction. The buyer, Alex Cartwright, alongside Jeffrey Baker of HotelShift Capital, plans to convert the property to workforce housing due to the high demand in the underserved Channelview sub-market within the Houston MSA.