Rajan Patel Of Marcus & Millichap Brokers Sale Of Quality Inn Baytown Hotel In Baytown, TX
5222 East Freeway
Building Size
65,340 SF
Asset Type
Hotel
Closing
Nov 2, 2023
AI
The Quality Inn Baytown Hotel in Baytown, TX has been sold. Located at 5222 East Freeway, this three-story, 62-room hotel sits on 1.5 acres within the Houston-Woodlands-Sugar Land metropolitan statistical area. It is situated just off Interstate 10, which sees over 84,000 daily travelers.
Summary of transation details
- Property Type: Hotel
- Sale Price: Not provided
- Total Square Footage: 65,340
- Number of Keys: 62
- Address: 5222 East Freeway, Baytown, TX
- Market: Baytown, TX
The seller of the Quality Inn Baytown Hotel is Narendrakumar Patel. The sale of the property was brokered by Rajan Patel from Marcus & Millichap.
Players
Baytown 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