CUERO, TX, November 25, 2014 – 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 Executive Inn Express & Suites, a 51-room hospitality property located in Cuero, Texas, according to J. Michael Watson, Vice President/Regional Manager of the firm’s San Antonio office.
Chris Gomes, Allan Miller and Robert Arzola, investment specialists in Marcus & Millichap’s Austin, Dallas and San Antonio offices and members of the Miller-Gomes Hotel Team, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Chris Gomes, Allan Miller and Robert Arzola.
Executive Inn Express & Suites, located in the Eagle Ford Shale, has benefitted greatly from the energy boom. “Cuero, Texas still appeals to many hotel investors looking for assets in Oil and Gas Markets despite recent fluctuations in oil prices. DeWitt County has been a consistent performer throughout the boom,” says Robert Arzola. This sale represents the 20th hotel transaction the Miller Gomes Team of Marcus & Millichap has closed in the Eagle Ford Shale and Permian Basin markets.
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About Marcus & Millichap (NYSE: MMI)
With over 1,300 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 6,600 transactions in 2013 with a value of approximately $24 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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