REBusiness Online | January 18, 2024
SAN ANTONIO, TX, January 12, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Holiday Inn Express & Suites San Antonio South, a 66-room hospitality property located in San Antonio, Texas, according to Bruce E. Bentley III, regional manager of the firm’s Austin office.
Allan Miller, senior managing director, in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured and represented by Allan Miller. Executive managing director, Chris Gomes, in the firm’s Dallas office, was also listed on the deal as a supporting broker.
Holiday Inn Express & Suites San Antonio South is located at 11400 S East Loop 410 in San Antonio, Texas. The 66-room, interior corridor, three-story building was built in 2008 and stretches 1.88 acres.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 600 hotels across the nation since its inception. To date, this is the 36th hotel sale in the San Antonio MSA by the Miller-Gomes Hotel team. The team has 53 active listings across 23 states, 13 hotels under contract, and closed 83 transactions in 2023.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
