SOLDHotel
Gordon Allred & Tulsee Nathu Of Marcus & Millichap Sell 134-Key Hotel In North Houston
220 Bammel Westfield Road, Houston, Texas 77090, United States
Building Size
—
Asset Type
Hotel
Closing
Mar 3, 2022
AI
A hotel property located at 220 Bammel Westfield Road in North Houston has been sold. The transaction was completed on 03/04/2022. The hotel consists of 134 keys and is situated on 3 acres of land.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not mentioned
The sale of this hotel property was facilitated by brokers Gordon Allred and Tulsee Nathu from 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