Local Buyer 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
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: Local 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
Loading comparables…
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