HVS Brokerage & Advisory announces the sale of the 107-key Holiday Inn Express & Suites Lubbock Central - University Area, located at 2115 Marsha Sharp Freeway, Lubbock, Texas 79415.
The property is located within four miles of popular attractions such as the NASA Johnson Space Center, Kemah Boardwalk, Kipper Mease Sports Complex, and the University of Houston - Clear Lake.
The property, built in 1987, was purchased by Wayside Investment Group, based in Houston, Texas, from Beachcomber Inn, based in Galveston, Texas.
The property, built in 2013, was purchased by Monarch Group Hotels, based in Corpus Christi, Texas, from KJ Texas Properties LLC, based in Branson, Missouri.
The property, built in 2008, was purchased by PWZ Capital Group, based in Sommerville, Texas, from Omkar Group Galveston, based in Sugar Land, Texas.
HVS Brokerage & Advisory announced the sale of the 79-key Homewood Suites by Hilton Beaumont, located at 3745 I-10 Access Road, Beaumont, Texas 77705.
The property, built in 2015, was purchased by BH Hospitality Management, based in San Antonio, Texas, from Newstream Capital Partners, based in Roanoke, Texas.
The property, built in 2007, was purchased by Onyx Hospitality, based in Boca Raton, Florida, from Insignia Hospitality Group, based in Midland, Texas.
MCR has acquired the Courtyard Dallas Grand Prairie, a four-story, select service hotel with 120 rooms in Grand Prairie, Texas. The hotel was purchased with acquisition financing from American Momentum Bank in place, at a rate of SOFR plus 260 basis points and a 65% loan to value.
HVS Brokerage & Advisory announces the sale of the 118-key Howard Johnson by Wyndham Beaumont, located at 1610 IH10 South, Beaumont, Texas 77707.