SOLDHotel
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
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.
Players
Pasadena 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