NAI Wheeler Represents $1,175,000 Sale of Hotel Beaumont on Behalf of the City of Beaumont
BEAUMONT, TEXAS – 10/27/2014 – NAI Wheeler, a member of the world’s premier managed network of commercial real estate firms, announced today that it represented the sale of the Historic Hotel Beaumont by The City of Beaumont to Garden Street Holdings, LLC.
“This was a very important transaction in the history of downtown Beaumont and Beaumont as a whole,” said Lee Wheeler, President of NAI Wheeler. “This sale represents the return of the historic Hotel Beaumont back to its’ original use. We are excited about the possibilities and bringing a vibrant hotel back to downtown Beaumont.”
Beautiful, historic Hotel Beaumont built in the "Beaux-Arts" architectural style, received its' historical designation in 1978. Located on the lit corner of Orleans and Fannin in downtown Beaumont. Major renovations were completed in 2000 throughout the hotel. The property is surrounded by many museums and historical buildings. The building was built in 1922 for a little more than $1MM.
About NAI Wheeler
NAI Wheeler is one of Southeast Texas’ largest independently owned commercial real estate services organizations with a firm reputation for leadership, knowledge, creativity and proven ability. The company has a distinctive, solid foundation comprised of top-level local professionals with a diversified skill set offering over 20 years of commercial real estate experience. NAI Wheeler is a truly full-service commercial real estate institution, supported nationally and internationally through a partnership with NAI Global. To learn more, visit www.naiwheeler.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.
To learn more, visit www.naiglobal.com.