MARCUS & MILLICHAP ARRANGES THE SALE OF A 156-ROOM HOSPITALITY PROPERTY
IRVING, TEXAS, January 20, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Red Roof Inn Dallas DFW Airport North, a 156-room hospitality property located in Irving, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Steve Swenholt, Jake Gaddy, Chris Gomes and Allan Miller, investment specialists in Marcus & Millichap’s Austin, Dallas and San Antonio offices, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a limited liability company, was secured and represented by Chris Gomes and Allan Miller, investment specialists in Marcus & Millichap’s Dallas and San Antonio offices.
Red Roof Inn Dallas DFW Airport North is located at 8150 Esters Boulevard in Irving, Texas. The property is less than one mile east of the Dallas/Fort Worth International Airport. Built in 1985, the hotel offers amenities such as shuttle service, a conference room, coin-operated laundry facility and elevators.
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About Marcus & Millichap (NYSE: MMI)
With over 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com
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