{"id":1004372612,"date":"2019-12-03T08:36:58","date_gmt":"2019-12-03T16:36:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004372612"},"modified":"2019-12-03T08:36:58","modified_gmt":"2019-12-03T16:36:58","slug":"houston-area-hotel-changes-hands-for-the-1st-time","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/","title":{"rendered":"Houston-Area Hotel Changes Hands for the 1st Time"},"content":{"rendered":"<div id=\"attachment_1004372618\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004372618\" data-attachment-id=\"1004372618\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/comfort-inn-suites-houston-west-katy\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Pavel Cazacu&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1575292389&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Comfort Inn &#038; Suites Houston West-Katy\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Comfort Inn &#038; Suites Houston West-Katy. &lt;i&gt;Image via Google Street View&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg?w=800\" class=\"wp-image-1004372618 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004372618\" class=\"wp-caption-text\">Comfort Inn &amp; Suites Houston West-Katy. <i>Image via Google Street View<\/i><\/p><\/div>\n<p>Kei. V. Inc. has sold the 89-key Comfort Inn &amp; Suites Houston West in Katy, Texas, to Ohio-based Jalabapa Hospitality. The property changed hands for the first time since its construction and it represents the buyer\u2019s first Choice International-branded hotel. HVS Brokerage &amp; Advisory worked on behalf of the seller.<\/p>\n<p>The new owner financed the acquisition with a $3.2 million loan from Wallis Bank, according to Harris County records. The variable-interest mortgage is set to mature in 25 years.&nbsp;<\/p>\n<p>Comfort Inn &amp; Suites Houston West-Katy is situated at 22025 Katy Freeway, on a 2-acre parcel. Built in 1995 and expanded in 2000, the property is roughly 6 miles from downtown Katy, just off Interstate 10, with retail, dining and entertainment options within walking distance. Additionally, the hotel is roughly 4 miles from Katy Mills Mall in the Katy Boardwalk district, a future development which is set to include a multi-unit residential community dubbed Boardwalk Lofts, an $100 million Hyatt Regency hotel and convention center, and a 90-acre nature preserve.<\/p>\n<p>The HVS Brokerage &amp; Advisory team that represented Kei. V. Inc. consisted of Managing Directors Eric Guerrero and Drew Noecker and Senior Associate James Rebullida. The deal comes at a time when the <a href=\"https:\/\/www.commercialsearch.com\/news\/hotel-investors-wariness-rises-despite-record-travel-season\/\">hotel investment community<\/a> acts with caution due to economic uncertainty. According to&nbsp;Marcus &amp; Millichap\u2019s latest National Hospitality Research Report, the discrepancy between the price sellers expect and the price buyers are willing to pay is dampening trade velocity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An out-of-state buyer purchased Comfort Inn &#038; Suites Houston West in Katy, Texas, using a $3.2 million loan. <\/p>\n","protected":false},"author":867,"featured_media":1004372618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,1589,21742],"tags":[32902,34816,33185,48035],"class_list":["post-1004372612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-houston","category-latest","tag-choice-hotels-international-inc","tag-hvs-global-hospitality-services","tag-hyatt","tag-katy-mills"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Houston-Area Hotel Changes Hands for the 1st Time - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Houston-Area Hotel Changes Hands for the 1st Time\" \/>\n<meta property=\"og:description\" content=\"An out-of-state buyer purchased Comfort Inn &amp; Suites Houston West in Katy, Texas, using a $3.2 million loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-03T16:36:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/\",\"name\":\"Houston-Area Hotel Changes Hands for the 1st Time - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg\",\"datePublished\":\"2019-12-03T16:36:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/houston-area-hotel-changes-hands-for-the-1st-time\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Comfort-Inn-Suites-Houston-West-Katy.jpg\",\"width\":800,\"height\":620,\"caption\":\"Comfort Inn & Suites Houston West-Katy. 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