Hyatt Place Houston

Location: Houston, TX
Type: Hospitality
Price: $6,600,000

SMC has provided a $6,600,000 loan for the acquisition of a Hyatt Place Hotel, which is located in Houston, TX. The Property was built in 1997, renovated in 2007, and is currently undergoing a major PIP renovation. The hotel had an overall occupancy of 74.7% for the trailing 12-month period.