SOLDHotel
Marcus & Millichap Sells Vacant 243-Room Hotel At 9090 Southwest Freeway In Houston
9090 Southwest Freeway
Building Size
—
Asset Type
Hotel
Closing
Mar 11, 2025
AI
A vacant hotel asset located at 9090 Southwest Freeway in Houston was sold. This hotel features a total of 243 rooms and has been closed since 2019.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 9090 Southwest Freeway
- Market: Houston
- Asset Keys: 243
The transaction was facilitated by Chris Gomes and Tulsee Nathu, representatives of the seller, a limited liability company, through Marcus & Millichap. Specific terms of the sale were not revealed.
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