Press Release brought to you by Marcus & Millichap

MARCUS & MILLICHAP ARRANGES THE SALE OF A 86-ROOM HOSPITALITY PROPERTY

05/25/2017

CHANNELVIEW, Texas, 2017 – 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 Proposed La Quinta Del Sol with Pad Site, a 86-room hospitality property located in Channelview, Texas, according to David H. Luther, first vice president/district manager of the firm’s Houston office. The asset had a list price of $1,600,000.

Skyler Cooper, senior associate, and Lisa Hankamer, senior associate, in Marcus & Millichap’s Houston office, Chris Gomes, senior vice president investments, in Marcus & Millichap’s Dallas office, and Allan Miller, senior vice president in Marcus & Millichap’s San Antonio office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a partnership, was secured and represented by Allan Miller, Chris Gomes, Lisa Hankamer, Skyler Cooper and Allan Miller in Marcus & Millichap’s Houston, Dallas, and San Antonio offices. 

Proposed La Quinta Del Sol with Pad Site is located at 16211 East Freeway in Channelview.

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About Marcus & Millichap (NYSE: MMI)

With over 1,700 investment sales and financing 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 9,000 transactions in 2016 with a value of approximately $42.3 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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