Marcus & Millichap sold two hospitality properties in Denton, Texas. They are the 88-room La Quinta Inn & Suites and the 92-room Holiday Inn Express & Suites.
The properties include an 88-room La Quinta Inn & Suites and a 92-room Holiday Inn Express & Suites. Chris Gomes, VP investments in Marcus & Millichap’s Dallas office, and Allan Miller, VP investments in the firm’s San Antonio office, represented the seller, a Dallas-based company. The buyer is also based in Dallas.
The La Quinta Inn & Suites is located at 4465 Interstate 35. It is accessible from Interstate 35 and University Drive/U.S. Highway 380. Built in 2010, the four-story, interior corridor hotel has a mix of single- and double-bed rooms, a breakfast area, an indoor swimming pool with hot tub, two guest elevators and an exercise room.
Built in 2010 at 4485 North Interstate 35, the Holiday Inn Express & Suites is an interior corridor mid-scale hotel with visibility and accessibility along Interstate 35. The University of North Texas and Texas Woman’s University are nearby, as are a Federal Emergency Management Agency office and businesses such as Peterbilt, Sally Beauty Supply, Acme Brick Co., Tetra Pak and Fastenal.