Julio Grana Acquires Hotel From Mitesh Patel In Tomball With Brokers Eric Guerrero & Fadi Rawashdeh
9120 Fm 2920
Building Size
62,571 SF
Asset Type
Hotel
Closing
Dec 9, 2024
About this deal
AI
The property involved in this transaction is a hotel located at 9120 Fm 2920 in Tomball. This asset type is focused within the hospitality sector, serving as an establishment for lodging and related services.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Buyer: Julio Grana
- Seller: Mitesh Patel
- Brokers: Eric Guerrero & Fadi Rawashdeh - HVS Brokerage & Advisory
- Transaction Date: 12/09/2024
This deal features key individuals such as the buyer Julio Grana and the seller Mitesh Patel, who were directly involved in the transaction. The brokerage team, Eric Guerrero and Fadi Rawashdeh, from HVS Brokerage & Advisory, facilitated the deal, ensuring a smooth negotiation process between both parties.
Players
Tomball 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