Driftwood Capital Acquires Houston Hotel From Capri Hospitality Management
5160 Hidalgo St, Houston, TX, USA
Building Size
—
Asset Type
Hotel
Closing
Jul 11, 2021
About this deal
AI
Located at 5160 Hidalgo St in Houston, this recent transaction involves the sale of a hotel property. The property consists of 131 rooms and is managed by Capri Hospitality Management. The sale took place on 07/12/2021, with the buyer being Driftwood Capital represented by Carlos J. Rodriguez, while the seller was Capri Hospitality Management, represented by Jim O'Connell.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Date: 07/12/2021
- Address: 5160 Hidalgo St
- Market: Houston
- Rooms: 131
Carlos J. Rodriguez, representing Driftwood Capital, and Jim O'Connell, representing Capri Hospitality Management, played significant roles in this transaction.
Players
Houston Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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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