WINNIE, TX, September 18, 2012, â€“ Marcus & Millichap Real Estate Investment Services, the nationâ€™s largest real estate investment services firm, has announced the sale of Econo Lodge Winnie/Beaumont, a 65 room Hospitality property located at 46318 Interstate 10 East in Winnie, TX, according to Gregory A. LaBerge, National Director of Marcus & Millichapâ€™s Hospitality practice. The asset commanded a list price of $1,700,000.
Michael Yu, Rahul Bijlani and Eric Guerrero, investment specialists in Marcus & Millichapâ€™s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. Â The buyer, a private investor, was also secured and represented by, Bijlani, Yu and Tyler Bean.
This sale represents the 18th hotel transaction the Yu-Bijlani group has closed in the last 12 months. They currently have five hotels in escrow and 20 listings spread across Texas.