Marcus & Millichap sells a Lender REO 53-Room Hotel

53-Room Hotel in Granbury

GRANBURY, TX - Marcus & Millichap Real Estate Investment Services has announced the sale of a 53-room limited service hotel located in Granbury, TX, according to Brent Smith, Regional Manager of Marcus and Millichap’s Houston office.

Michael Yu, Rahul Bijlani and Tyler Bean, investment specialists in Marcus and Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, an out of state lender. Within a 4 week timeline, the group generated 13 written offers from qualified buyers and the ultimate buyer, a local Texas investor, was secured and represented by Michael Yu, Rahul Bijlani and Eric Guerrero.

Connect with Rahul Bijlani, Eric Guerrero on LinkedIn