Reform Hospitality Acquires Hotel At 18014 Park Row Dr In Houston With Brokers Rajan Patel & Chris Gomes
18014 Park Row Dr
Building Size
112,167 SF
Asset Type
Hotel
Closing
Jul 2, 2026
About this deal
AI
The property asset involved in the transaction is a hotel located at 18014 Park Row Dr in Houston. The hotel comprises 135 keys and has a total square footage of 112,167.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 18014 Park Row Dr
- Market: Houston
- Keys: 135
- Square Footage: 112,167
- Buyer: Reform Hospitality
- Broker Representatives: Rajan Patel & Chris Gomes - Marcus & Millichap
This deal was characterized by challenges, with Rajan Patel, associate director investments, noting that there were bumps, setbacks, and moments requiring persistence. Patel emphasized the importance of belief in both the deal and the team in achieving a successful outcome.
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