VICTORIA, TX. February 28, 2013– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Candlewood Suites Victoria/ Houston, an 82 room Hospitality property located at 7103 Navarro Street, in Victoria, TX, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston office. The asset commanded a list price of $9,500,000.
Michael Yu and Rahul Bijlani, Senior Directors of the National Hospitality Group, and Eric Guerrero, an Associate of the National Hospitality Group in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a limited liability company, was also secured and represented by Guerrero, Yu and Bijlani.
This sale represents the 21st hotel transaction the Yu-Bijlani Hospitality team has closed in the last 12 months. They currently have seven hotels in escrow and 21 listings spread across Texas.

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