Aman H. Patel Of Patel Capital Groups Acquires Hotel In Texas City From Arif Siddiqui
2440 Gulf Freeway
Building Size
48,292 SF
Asset Type
Hotel
Closing
Aug 20, 2026
About this deal
AI
The property asset involved in the transaction is a hotel located at 2440 Gulf Freeway in Texas City. This hotel features 72 keys and encompasses a total square footage of 48,292. The details pertaining to the sale of this asset illustrate its specific characteristics in the Texas commercial market.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 2440 Gulf Freeway
- Market: Texas City
- Keys: 72
- Square Footage: 48,292
- Buyer: Aman H. Patel - Patel Capital Groups
- Seller: Arif Siddiqui
- Broker Representatives: Rajan Patel & Allan Miller - Marcus & Millichap
The transaction was facilitated by Rajan Patel and Allan Miller, who represented the buyer and seller respectively in this deal. The involvement of these brokers from Marcus & Millichap highlights their role in navigating the complexities of the sale process within the Texas market.
On the Map
Hotel
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Players
Texas City 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