RICHARDSON, TEXAS, August 2, 2022 – 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 Hawthorn Suites by Wyndham Richardson, a 72-room hospitality property located in Richardson, Texas, according to Tim Speck, division manager of the firm’s Dallas office.
Skyler Cooper, Chris Gomes, and Allan Miller, investment specialists in Marcus & Millichap’s Dallas and Austin offices, had the exclusive listing to market the property on behalf of the seller.
Cooper, Gomes, and Miller procured the buyer for this closing. Utilizing the call for offers format, Cooper and Gomes carefully navigated the investment goals of each party to negotiate a deal that maximized the upside for both the buyer and the seller. Through the escrow period, Cooper and Gomes successfully managed client expectations for the more nuanced aspects of the deal that required more deliberation.
Hawthorn Suites by Wyndham Richardson is located at 250 Municipal Dr in Richardson, Texas. The 72-room property was built in 1982.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 500 hotels nationwide. The Team has over 65 active listings across 21 states with more than 30 assets under contract and 55 closings this year.
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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
