Alexander Cartwright's Vilicus Capital Acquires Houston Hotel For $3.4M | 702 North Sam Houston Parkway East | Rorik Seth | Hotel | Sale

Summary

Sale

TEXAS

Hotel

74,091 sqft

The property at 702 North Sam Houston Parkway East in Houston has been sold for $3,400,000. The asset is a 74,091 square feet hotel with 120 keys. The sale price per square foot is $46, and the price per key is $28,333. The seller of the property was Koshy Joseph.

Summary of transation details

Property Type: Hotel
Transaction Amount: $3,400,000
Address: 702 North Sam Houston Parkway East
Market: Houston

Alexander Cartwright from Vilicus Capital purchased the hotel property. Rorik Seth from Amin Realty, Inc represented the buyer in this transaction. Amin Realty, Inc brokered the sale of the hotel. Alexander Cartwright plans to convert the hotel into workforce housing.

Players

All
2

Agents
1
Agencies
1

Rorik Seth

Associate Vice President

$3.4M Sold

Amin Realty

Details

Deal Summary

SOLD

IMAGE: Alexander Cartwright & Rorik Seth DATE: 01/19/2024 ADDRESS: 702 North Sam Houston Parkway East MARKET: Houston ASSET TYPE: Hotel BUYER: Alexander Cartwright (@Audesapere1) - Vilicus Capital SELLER: Koshy Joseph BROKER: Rorik Seth - Amin Realty, Inc SALE PRICE: $3,400,000 SF: 74,091 ~ PPSF: $46 KEYS: 120 ~ PPK: $28,333 NOTE FROM BROKER: Amin Realty, Inc has brokered the sale of 702 N Sam Houston Pky E. The subject property is a 120-key hotel that will be converted to workforce housing.

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Address702 North Sam Houston Parkway East

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