Marcus & Millichap : Brokers Port Arthur Hospitality Portfolio Sale

(MMI)   Report Marcus & Millichap Brokers Port Arthur Hospitality Portfolio Sale PORT ARTHUR, Texas, Dec. 29, 2022 - Marcus & Millichap (NYSE: MMI)...

December 30, 2022
11:20 PM

(MMI)   Report Marcus & Millichap Brokers Port Arthur Hospitality Portfolio Sale PORT ARTHUR, Texas, Dec. 29, 2022 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a two-property, 188-room hospitality portfolio in Port Arthur, Texas. The assets are the 92-room Holiday Inn Express & Suites Port Arthur and 96-room TownePlace Suites Beaumont Port Arthur. "The properties are located near Sabine Lake and the Gulf of Mexico in a high-growth market that is a vital part of the Texas transportation network and contributes substantially to the state's annual seaport trade of over $260 billion," said Chris Gomes, senior managing director investments in Marcus & Millichap's Dallas office.

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