SOLDHotel
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
About this deal
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.
On the Map
Hotel
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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