SINTON, TX, August 27, 2012â€“ Marcus & Millichap Real Estate Investment Services, the nationâ€™s largest real estate investment services firm, has announced the sale of Motel 6 Sinton, a 46 room Hospitality property located at 8154 U.S. 77 in Sinton, TX, according to Gregory A. LaBerge, National Director of the firmâ€™s Hospitality practice. The asset commanded a list price of $1,800,000.
Rahul Bijlani and Michael Yu, investment specialists in Marcus & Millichapâ€™s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.Â The buyer, a private investor, was also secured and represented by Bijlani and Yu.Â Stephanie Adkins, Associate Director of Marcus & Millichap Capital Corporation in Houston, arranged acquisition financing for the purchaser.
This sale represents the 16th hotel transaction the Yu-Bijlani group has closed in the last 12 months. They currently have six hotels in escrow and 20 listings spread across Texas.