Amin Realty, Inc. Brokers Sale Of 157-Key Hotel In Houston
502 North Sam Houston Parkway East
Building Size
102,784 SF
Asset Type
Hotel
Closing
Nov 9, 2023
About this deal
AI
A hotel property located at 502 North Sam Houston Parkway East in Houston has recently been sold. The property spans a total of 102,784 square feet and features 157 keys. The transaction took place on 11/09/2023.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: N/A
- Address: 502 North Sam Houston Parkway East, Houston
- Market: Houston
- Square Footage: 102,784
- Keys: 157
The sale of this hotel property was facilitated by Rorik Seth of Amin Realty, Inc.
Traded’s record for 502 North Sam Houston Parkway East in Pasadena, Texas covers a hotel sale from 2023. The building is 102,784 square feet, implying about 0 per square foot on the published price. Rorik Seth, Amin Realty appear on the sale alongside Amin Realty. This page is the Pasadena, Texas file for the 502 North Sam Houston Parkway East hotel sold: pricing, party profiles, and other closed hotel comps from the same Pasadena sit in the Market section below. Filter that Pasadena hotel set by closing date to see what else sold near 502 North Sam Houston Parkway East around 2023. Cite this Amin Realty, Inc. Brokers Sale Of 157-Key Hotel In Houston sale when underwriting similar hotel product around Pasadena, Texas.
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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