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
About this deal
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.
On the Map
Hotel
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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