Sam Patel Acquires Houston Hotel On Westheimer Road
9041 Westheimer Road, Houston, TX 77063, USA
Building Size
36,804 SF
Asset Type
Hotel
Closing
Aug 20, 2020
About this deal
AI
A hotel located at 9041 Westheimer Rd in Houston has been sold. The transaction took place on 08/20/2021. The hotel sits on a 1.6-acre property.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 9041 Westheimer Rd
- Market: Houston
- Acres: 1.6
The buyer of the hotel is Sam Patel. The transaction was facilitated by Kyle Fischer from Belvoir Real Estate Group LLC, who represented Sam Patel in the deal.
Traded’s record for 9041 Westheimer Road, Houston, TX 77063, USA in Houston, Texas covers a hotel sale from 2020. The building is 36,804 square feet, implying about 0 per square foot on the published price. Kyle Fischer, Alpine Partners appear on the sale alongside Alpine Partners. This page is the Houston, Texas file for the 9041 Westheimer Road, Houston, TX 77063, USA hotel sold: pricing, party profiles, and other closed hotel comps from the same Houston sit in the Market section below. Filter that Houston hotel set by closing date to see what else sold near 9041 Westheimer Road, Houston, TX 77063, USA around 2020. Cite this Sam Patel Acquires Houston Hotel On Westheimer Road sale when underwriting similar hotel product around Houston, Texas.
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