PORT ARTHUR, TX, February 24, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Hampton Inn & Suites, a 72 room hospitality property located in Port Arthur, TX, according to Brent Smith, Regional Manager of the firm’s Houston office. The asset commanded a listing price of $7,700,000.

Michael Yu and Rahul Bijlani, investment specialists in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a Texas based partnership.  The buyer, a Maryland based partnership was also secured and represented by Yu and Bijlani. 

Hampton Inn & Suites is located at 7660 Memorial Boulevard.  It was built in 2007 and sits on 1.619 acres of land.

  

With more than 1,300 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 3,756 transactions in 2008, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.

www.MarcusMillichap.com


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