Nick & Vicki Massad And Charles Leddy Acquire Hilton Houston Westchase From Cai Kui For $24.1M

The asset involved in this transaction is a 297-room hotel located at 9999 Westheimer Road in the Houston Westchase area. The property is classified as a hotel asset in the Houston market and was previously assessed at $24.1 million. It had been under a $40.55 million CMBS loan in special servicing since 2020.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $24.1 million
• Buyer: Nick & Vicki Massad - American Liberty Hospitality; Charles Leddy & Bobby Magee - Escalera Capital
• Seller: Cai Kui
• Broker: Plascencia Group
• Number of Keys: 297

The acquisition was made by American Liberty Hospitality and Escalera Capital, which are represented by Nick & Vicki Massad and Charles Leddy & Bobby Magee respectively. The deal was brokered by Plascencia Group, ensuring a smooth transaction process for the involved parties.