Alex Fawaz Purchases Hotel At 218 Promenade Way From Aniel Verma With Eric Guerrero & James Rebullida As Seller's Representatives
218 Promenade Way
Building Size
94,101 SF
Asset Type
Hotel
Closing
Nov 9, 2025
AI
The property asset involved in this transaction is a hotel located at 218 Promenade Way in Sugar Land. The hotel has a square footage of 94,101, contributing to its overall value within the market.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 218 Promenade Way
- Market: Sugar Land
- Square Footage: 94,101
- Buyer: Alex Fawaz
- Seller: Aniel Verma
- Seller's Representative: Eric Guerrero & James Rebullida - HVS Brokerage & Advisory
This transaction involves key individuals including buyer Alex Fawaz and seller Aniel Verma, with Eric Guerrero and James Rebullida representing the seller through HVS Brokerage & Advisory, facilitating the deal's completion.
Players
Sugar Land 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