Starwood Capital Group Acquires Resort In Houston
2450 Fondren Road, Houston, Texas 77063, United States
Building Size
—
Asset Type
Other
Closing
Jan 3, 2022
About this deal
AI
Starwood Capital Group has acquired a resort property located at 2450 Fondren in Houston. The transaction was closed on January 3, 2022. The resort is situated in a prime location in Houston's market.
Summary of transaction details
- Property Type: Resort
- Transaction Amount: Not specified
- Address: 2450 Fondren, Houston
The deal was executed by Starwood Capital Group, represented by Mike Moser and Anthony Murphy.
Traded’s record for 2450 Fondren Road, Houston, Texas 77063, United States in Houston, Texas covers a other sale from 2022. 2450 Fondren Road, Houston, Texas 77063, United States is classified as Other on Traded. This page is the Houston, Texas file for the 2450 Fondren Road, Houston, Texas 77063, United States other sold: pricing, party profiles, and other closed other comps from the same Houston sit in the Market section below. Filter that Houston other set by closing date to see what else sold near 2450 Fondren Road, Houston, Texas 77063, United States around 2022. Cite this Starwood Capital Group Acquires Resort In Houston sale when underwriting similar other product around Houston, Texas.
Players
Houston Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
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