Marcus & Millichap Brokers $36.2M Sale of Hotel Portfolio in Texas, Oklahoma

This Candlewood Suites hotel in McAlester, Oklahoma, totals 89 rooms. The property is part of a 517-room Candlewood Suites portfolio that recently traded hands.

AUSTIN, TEXAS — Marcus & Millichap has brokered the $36.2 million sale of a portfolio of five Candlewood Suites hotels totaling 517 rooms in Texas and Oklahoma. Two of the assets are located in San Antonio and Midland, and the other three are located in the Oklahoma cities of Lawton, McAlester and Bartlesville. Allan Miller and Chris Gomes of Marcus & Millichap represented the seller, KJ Properties LLC, and procured the buyer, a Texas-based investment firm.

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