Marcus & Millichap Brokers Facilitate Sale Of Hotel In Humble
7014 Will Clayton Parkway, Humble, TX 77338, USA
Building Size
55,098 SF
Asset Type
Hotel
Closing
Jun 2, 2020
AI
An asset located at 7014 Will Clayton Pkwy in Humble has recently been sold. The property, which is a hotel, was sold on 06/02/2021. The transaction involved a total of 61 rooms. The sale was facilitated by brokers from Marcus & Millichap, namely Andrew Frosch, Louis Dan, Chris Gomes, and Allan Miller.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 7014 Will Clayton Pkwy
- Market: Humble
- Rooms: 61
The deal's key individuals and companies include Andrew Frosch, Louis Dan, Chris Gomes, and Allan Miller from Marcus & Millichap. These brokers played a crucial role in facilitating the sale of the hotel property located in Humble.
Players
Humble 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