Chatham Lodging Trust Acquires Hotel Property In Houston With Seller's Rep Jeffrey H. Fisher
3220 Katy Freeway, Houston, Texas 77007, United States
Building Size
—
Asset Type
Hotel
Closing
May 16, 2022
About this deal
AI
A hotel property located at 3220 Katy Freeway & 2939 Westpark Dr in Houston has been sold. The sale took place on 05/17/2022. The hotel has a total of 220 rooms.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
The seller of the property is Chatham Lodging Trust, represented by Jeffrey H. Fisher.
Traded’s record for 3220 Katy Freeway, Houston, Texas 77007, United States in Houston, Texas covers a hotel sale from 2022. 3220 Katy Freeway, Houston, Texas 77007, United States is classified as Hotel on Traded. This page is the Houston, Texas file for the 3220 Katy Freeway, Houston, Texas 77007, 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 3220 Katy Freeway, Houston, Texas 77007, United States around 2022. Cite this Chatham Lodging Trust Acquires Hotel Property In Houston With Seller's Rep Jeffrey H. Fisher sale when underwriting similar hotel product around Houston, Texas.
Players
Houston Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
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