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

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SOLD

Texas

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Hotel52,438 SF
Sold 09/27/2024
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Property Image
SOLD

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

17011 East Freeway Frontage Road

See Similar Deals
Hotel52,438 SF
Sold 09/27/2024
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Hotel
Price Per Square Foot:$0
Total Square Footage:52,438 SF
Transaction Type:Sale

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.

Players

Rorik Seth
Seth Equities
Rorik Seth
9 deals$3.4M volume(281) 968-5019
BROKER

Details

SOLD
IMAGE: Rorik Seth, Alex Cartwright, Paril Patel & Sam Bhula DATE: 09/27/2024 ADDRESS: 17011 East Freeway Frontage Road MARKET: Channelview ASSET TYPE: Hotel ~ KEYS: 100 BUYER: Alex Cartwright (@Audesapere1) SELLER: Paril Patel (@Paril_Patel) & Sam Bhula BROKER: Rorik Seth (@RorikSethgo) - Amin Realty NOTE FROM BROKER: Amin Realty, Inc as the exclusive listing broker for the owner, Shree Dasha Maa, LLC sold the 100-key proposed HomeTowne Studios to HotelShift Capital led by Alex Cartwright & Jeffrey Baker. The property underwent a full renovation which included kitchenettes in every room as well as a new FF&E package prior to the Sale. The Buyer plans to convert the property to workforce housing as they a see huge demand for this type of product in the underserved Channelview sub-market. (Houston MSA)

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