MCR Acquires Houston Hotel With Tyler Morse As Buyer's Rep
18014 Park Row Drive, Houston, TX 77084, USA
Building Size
—
Asset Type
Hotel
Closing
Jul 19, 2020
About this deal
AI
The recently closed property transaction in Houston involved the sale of a hotel located at 18014 Park Row. The transaction took place on July 19, 2021, and the buyer, MCR, was represented by Tyler Morse. The hotel has a total of 135 keys and is situated in the Houston market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 18014 Park Row, Houston
- Buyer: MCR - Tyler Morse
MCR, represented by Tyler Morse, successfully completed the purchase of the hotel located at 18014 Park Row in Houston. The transaction involved the acquisition of a hotel with 135 keys.
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