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5160 Hidalgo St, Houston, T...

Updated Oct 28, 2024

Driftwood Capital Acquires Houston Hotel From Capri Hospitality Management
SOLDHotel

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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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

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