PLANO, TEXAS, June 23, 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 Magnuson Hotel Park Suites Plano, a 85-room mid-scale hotel located in Plano, Texas.
Chris Gomes and Allan Miller, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured by Mr. Gomes.
Magnuson Hotel Park Suites Plano is located at 640 E Park Blvd in Plano, Texas. The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 500 hotels across the nation. The Team has over 60 active listings across 20 states with 42 assets under contract and more than 30 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.
