Marcus & Millichap Brokers Sale of 50-Room Super 8 Hotel in Stanton, Texas

Reuters03-05
Marcus & Millichap Brokers Sale of 50-Room Super 8 Hotel in Stanton, Texas

Marcus & Millichap arranged the sale of a 50-room Super 8 by Wyndham hotel in Stanton, Texas, generating more than 10 written offers and selecting a buyer within 30 days of marketing. The three-story property at 3432 Interstate 20 was sold on behalf of Dallas-based LIG Hotels to a Houston-based private partnership, which plans to convert and reposition the hotel under the Best Western brand.

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