Marc Gagliardi Purchases Hotel In Houston From TJ Patel With Brokers Eric Guerrero & James Rebullida
160 Wagon Point
Building Size
116,810 SF
Asset Type
Hotel
Closing
Feb 24, 2025
About this deal
AI
The asset involved in this transaction is a hotel located at 160 Wagon Point in Houston, featuring a total square footage of 116,810. The transaction was successfully completed on February 24, 2025.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 160 Wagon Point
- Market: Houston
- Asset Size: 116,810 SF
- Buyer: Marc Gagliardi
- Seller: TJ Patel
- Brokers: Eric Guerrero & James Rebullida - HVS Brokerage & Advisory
Key individuals involved in the transaction include buyer Marc Gagliardi and seller TJ Patel, who executed the deal through representation by brokers Eric Guerrero and James Rebullida of HVS Brokerage & Advisory.
On the Map
Hotel
View full map
Players
Houston Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse Houston hotel sales on Traded.
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