Marcus & Millichap sold a two-building, 109-room Holiday Inn Express Hotel & Suites in Houston. The terms of the sale were not released.
Jake Gaddy, senior associate and Steve Swenholt, associate, both in Marcus & Millichap’s Austin office, represented the seller, a Houston-based developer. Chris Gomes, VP investments in the firm’s Dallas office, along with Allan Miller, VP investments in San Antonio, represented the buyer, a Dallas-based private client.
Built in 1999 and converted into a Holiday Inn Express & Suites in early 2012, the three-story hotel is located in North Houston at 125 Airtex Drive, five miles from George Bush Intercontinental Airport.
Amenities include an outdoor pool and whirlpool, fitness center, on-site guest laundry, business center, meeting room and complimentary hot breakfast. All suites and guest rooms feature flat-screen cable television, microwave oven, mini-refrigerator, coffee maker, sofa-bed, iron with ironing board and work desks.
External Source : Hotel Management