Robert Denninger Of Marcus & Millichap Sells 266-Key Hotel In Baytown, Texas
4419 North Highway 146, Baytown, Texas 77523, United States
Building Size
—
Asset Type
Hotel
Closing
Jul 13, 2022
About this deal
AI
A hotel with 266 keys located at 4419 N Hwy 146 in Baytown has been sold. The transaction took place on July 14, 2022. The property was marketed by Robert Denninger from Marcus & Millichap.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
The sale of the hotel in Baytown was facilitated by Robert Denninger, a representative from Marcus & Millichap. No further details about the transaction, such as the sale price or any financing involved, were provided in the available information.
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Hotel
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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