The transaction involves the sale of the Candlewood Suites Houston Westchase, an extended-stay hotel with 81 keys, located at 11280 Westheimer Road in Houston. The asset encompasses a total square footage of 42,384 and is positioned within a strong market for hospitality assets.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Undisclosed
- Address: 11280 Westheimer Road
- Market: Houston
- Keys: 81
- Square Footage: 42,384
- Buyer: Eshan Mithani & Amir Jooma
- Seller: Bruce Chi
- Broker: Rorik Seth - Seth Equities
Seth Equities facilitated the sale on behalf of Fate International, assisting in the disposal of the asset to an out-of-state ownership group. The transaction underscores the ongoing demand from investors for extended-stay hospitality properties in key Texas markets.
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https://traded.co/deals/texas/hotel/sale/11280-westheimer-road/