Seth Equities Represents Seller In Sale Of 72-Key Best Western Galleria Inn & Suites In Houston
6229 Richmond Avenue
Building Size
41,540 SF
Asset Type
Hotel
Closing
Jul 28, 2026
AI
The asset involved in the transaction is a hotel located at 6229 Richmond Avenue in Houston, known as the Best Western Galleria Inn & Suites. It features 72 keys and encompasses a square footage of 41,540. The property is situated in Houston’s Galleria/Uptown submarket.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 6229 Richmond Avenue
- Market: Houston
- Seller's Representative: Rorik Seth - Seth Equities
- Seller's Attorney: Kishan Patel - KDP Law PLLC
- Number of Executed Confidentiality Agreements: 140
- Number of Offers: Seven
- Seller Financing: Available
Seth Equities successfully represented the seller in this transaction, implementing a targeted marketing campaign that attracted significant buyer interest. Their involvement included maintaining active participation from the initial marketing stage through to the closing of the deal. The professionalism and responsiveness of Kishan Patel of KDP Law were instrumental in facilitating a smooth transaction process.
Players
Houston Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
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