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2950 West Sam Houston Parkw...

Rajan Patel Purchases Hotel From Nicholas Massad Jr. And Taylor Tritt In Houston
SOLDHotel

Rajan Patel Purchases Hotel From Nicholas Massad Jr. And Taylor Tritt In Houston

2950 West Sam Houston Parkway South

Building Size

50,835 SF

Asset Type

Hotel

Closing

Mar 5, 2025

AI

The asset involved in this transaction is a hotel located at 2950 West Sam Houston Parkway South in the Houston market. The property spans a total area of 50,835 square feet.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not specified
  • Address: 2950 West Sam Houston Parkway South
  • Market: Houston
  • Seller: Nicholas Massad Jr. and Taylor Tritt
  • Buyer: Rajan Patel
  • Seller's Representatives: Eric Guerrero (HVS Brokerage & Advisory), James Rebullida (HVS Brokerage & Advisory)

This transaction was facilitated by the involvement of two representatives from HVS Brokerage & Advisory, who acted on behalf of the sellers. Eric Guerrero and James Rebullida played key roles in the sale process, ensuring the transaction proceeded smoothly.

Players

Eric Guerrero

HVS Brokerage & Advisory

Broker

$10.6M

vol

23 deals

Broker
Rajan Patel

Rajan Patel

Buyer

8 deals

Buyer

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