M&M BROKERS SALE OF 123-ROOM HOTEL IN AUSTIN

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AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a 123-room Hampton Inn in Austin. Constructed in 1997 and renovated in 2012, the six-story hotel is located at 4141 Governors Row, in proximity to the interchange of State Highway 71 and Interstate 35. Amenities include a 430-square-foot meeting room, business center and outdoor swimming pool. Allan Miller and Chris Gomes of Marcus & Millichap represented the seller, a joint venture between a California family trust and a Texas-based private investor, in the transaction. David Greenberg, also of Marcus & Millichap, represented the buyer, Moody National REIT I Inc.

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