M&M BROKERS SALE OF CANDLEWOOD SUITES VICTORIA

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VICTORIA, TEXAS — Marcus & Millichap has arranged the sale of the 82-room Candlewood Suites Victoria, located at 7103 Navarro St. in Victoria. The hotel is located in the Eagle Ford Shale play, the largest oil/gas find in the history of Texas. Michael Yu, Rahul Bijlani and Eric Guerrero of Marcus & Millichap's National Hospitality Group in Houston represented the seller, a hotel developer based in southeast Texas. The buyer, a West Coast-based hotel investor, purchased the property at 98 percent of its list price.

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