MCR Acquires Hotel In Houston With Tyler Morse As Buyer's Rep
18010 Park Row Drive, Houston, TX 77084, USA
Building Size
—
Asset Type
Hotel
Closing
Jul 16, 2020
About this deal
AI
The property involved in the transaction is a hotel located at 18010 Park Row in Houston. The sale took place on July 16, 2021. The hotel has a total of 132 keys. The buyer in this transaction was MCR, represented by Tyler Morse.
Summary of transation details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 18010 Park Row, Houston
- Market: Houston
- Keys: 132
MCR, represented by Tyler Morse, was the buyer in this transaction.
Traded’s record for 18010 Park Row Drive, Houston, TX 77084, USA in Houston, Texas covers a hotel sale from 2020. 18010 Park Row Drive, Houston, TX 77084, USA is classified as Hotel on Traded. This page is the Houston, Texas file for the 18010 Park Row Drive, Houston, TX 77084, USA hotel sold: pricing, party profiles, and other closed hotel comps from the same Houston sit in the Market section below. Filter that Houston hotel set by closing date to see what else sold near 18010 Park Row Drive, Houston, TX 77084, USA around 2020. Cite this MCR Acquires Hotel In Houston With Tyler Morse As Buyer's Rep sale when underwriting similar hotel product around Houston, Texas.
Players
Houston Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
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