Acquires Comfort Suites Houston IAH Beltway 8 From Seller Ajai Agarwal
1350 North Sam Houston Parkway East
Building Size
48,406 SF
Asset Type
Hotel
Closing
Mar 30, 2026
About this deal
AI
The Comfort Suites Houston IAH Beltway 8 is a 72-key hotel situated at 1350 North Sam Houston Parkway East in the Houston market. This property encompasses a total area of 48,406 square feet. The asset was sold using an attractive seller financing structure, indicating the flexibility in financing options available for the transaction.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Location: Houston, TX
- Keys: 72
- Buyer:
- Financing: Seller Financing
- Seller: Ajai Agarwal
- Seller Representation: Seth Equities
- Broker: Rorik Seth - Seth Equities
- Attorney: Tapas Agarwal - Agarwal Law Firm, PLLC
The transaction was noted for highlighting continued activity in the Houston hospitality market with creative financing playing a significant role in the closing of the deal. Seth Equities, represented by Rorik Seth, facilitated the sale for the seller, Ajai Agarwal.
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