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| Chris Gomes |
SAN ANGELO, TX – Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada, announced
the sale of Hawthorn Suites by Wyndham, a 63-room, three-story, interior
corridor extended-stay hotel located off Highway 67 in San Angelo, Texas.
The
terms of the sale were not released.
Chris
Gomes, vice president investments in Marcus & Millichap’s Dallas
office, along with Allan Miller, vice president investments in San
Antonio, represented the seller, a Dallas-based developer, and the Dallas-based
buyer.
“Located
in one of the booming West Texas energy markets, the hotel opened in June 2014
and was stabilized within five months,” says Gomes. “Within 60 days of hitting
the market, we completed the sale.”
 |
| Allan Miller |
The hotel
is located directly off Highway 67 at 5750 Sherwood Way in San Angelo, Texas,
eight miles from the San Angelo Regional Airport, 10 minutes from Angelo State
University and near Goodfellow Air Force Base.
Business travelers can easily commute between the hotel and
oil, steel, medical and technology companies’ headquarters located less than
five minutes away, including AT&T, Blue Cross Blue Shield, J Oil & Gas
Inc., River Crest Hospital, Suddenlink Communications and TXU Energy.
San
Angelo is an up-and-coming energy market located in Texas’s Cline Shale region.
Built in 2014, this Hawthorn Suites by Wyndham hotel has a
stucco exterior and a pitched roof. All suites are equipped with kitchens. The
hotel offers a complimentary hot breakfast and evening social hours to its
guests. Several dining options are located within walking distance.
For a complete
copy of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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