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
About this deal
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.
Traded’s record for 220 Bammel Westfield Road, Houston, Texas 77090, United States in Houston, Texas covers a hotel sale from 2022. 220 Bammel Westfield Road, Houston, Texas 77090, United States is classified as Hotel on Traded. Tulsee Nathu, Gordon Allred, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Houston, Texas file for the 220 Bammel Westfield Road, Houston, Texas 77090, United States 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 220 Bammel Westfield Road, Houston, Texas 77090, United States around 2022. Cite this Gordon Allred & Tulsee Nathu Of Marcus & Millichap Sell 134-Key Hotel In North Houston sale when underwriting similar hotel product around Houston, Texas.
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