SOLDHotel
Reform Hospitality Acquires 132-Key Courtyard Marriott In Houston Represented By Rajan Patel & Chris Gomes
18010 Park Row
Building Size
120,226 SF
Asset Type
Hotel
Closing
Jul 2, 2026
AI
The property asset involved in this transaction is a hotel located at 18010 Park Row, specifically the Courtyard Marriott in Houston. It consists of 132 keys and has a total square footage of 120,226.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Market: Houston
- Bought by: Reform Hospitality
- Brokers: Rajan Patel & Chris Gomes - Marcus & Millichap
The deal was facilitated by Rajan Patel and Chris Gomes, who represented the interests of the buyer, Reform Hospitality, through their association with Marcus & Millichap.
Players
Houston Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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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