{"id":1004091194,"date":"2014-02-12T11:38:15","date_gmt":"2014-02-12T19:38:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=237824"},"modified":"2020-04-29T08:59:00","modified_gmt":"2020-04-29T16:59:00","slug":"austin-hampton-inn-hotel-sale-arranged-by-marcus-millichap","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/austin-hampton-inn-hotel-sale-arranged-by-marcus-millichap\/","title":{"rendered":"Austin Hampton Inn Hotel Sale Arranged by Marcus &amp; Millichap"},"content":{"rendered":"<p><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/02\/Hampton-Inn-Austin.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-237827\" title=\"Hampton Inn Austin\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/02\/Hampton-Inn-Austin.jpg\" alt=\"\" width=\"300\" height=\"212\" \/><\/a>The Hampton Inn hotel located at 4141 Governors Row in Austin has changed owners. Marcus &amp; Millichap Real Estate Investment Services arranged the sale of the six-story 123-room hotel, without disclosing the terms of the sale.<\/p>\n<p>The seller, a joint venture between a California family trust and a Texas-based private investor, was represented by a Marcus and Millichap trio consisting of Allan Miller, associate vice president investments in the San Antonio office, Chris Gomes, senior associate in Dallas, and Jake Gaddy, associate in Austin. The buyer, Moody National REIT 1 Inc., was advised by David Greenberg, vice president investments in the Fort Lauderdale office.<\/p>\n<p>\u201cAssets like this Hampton Inn rarely become available in Austin,\u201d says Miller. \u201cThis is a premier franchise in one of the fastest-growing cities and hotel markets in the country.\u201d<\/p>\n<p>Greenberg added: \u201cThe hotel\u2019s 10-year franchise was renewed with Hilton Hotels &amp; Resorts in July 2012.\u201d<\/p>\n<p>The property is located off the intersection of Interstate 35 and Texas State Highway 71, six miles from Austin-Bergstrom International Airport. It\u2019s only five minutes south of downtown Austin and 10 miles from a new Formula One racetrack. The hotel was built in 1997 and underwent extensive renovations in 2012. Amenities include a business center, a meeting room of 430 square feet, swimming room and jogging and walking tracks.<\/p>\n<p>After a very successful 2013 when the four sold 27 hotels valued at $169 million throughout seven states, Greenberg concludes: \u201cWe expect 2014 to be a record year for hotel transactions; with our unique value proposition, Marcus &amp; Millichap will undoubtedly continue to be the dominant hotel broker in the nation.\u201d<\/p>\n<p><em>Photo courtesy of <a href=\"https:\/\/hamptoninn3.hilton.com\/en\/hotels\/texas\/hampton-inn-austin-airport-area-south-AUSSOHX\/index.html\" target=\"_blank\" rel=\"nofollow\">Hampton Inn\u00a0Austin\/Airport Area South<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hampton Inn hotel located at 4141 Governors Row in Austin has changed owners. Marcus &amp; Millichap Real Estate Investment Services arranged the sale of the six-story 123-room hotel, without disclosing the terms of the sale.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[39411,1815],"class_list":["post-1004091194","post","type-post","status-publish","format-standard","hentry","category-austin","category-latest","tag-austin","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Austin Hampton Inn Hotel Sale Arranged by Marcus &amp; Millichap - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/austin-hampton-inn-hotel-sale-arranged-by-marcus-millichap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austin Hampton Inn Hotel Sale Arranged by Marcus &amp; Millichap\" \/>\n<meta property=\"og:description\" content=\"The Hampton Inn hotel located at 4141 Governors Row in Austin has changed owners. Marcus &amp; Millichap Real Estate Investment Services arranged the sale of the six-story 123-room hotel, without disclosing the terms of the sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/austin-hampton-inn-hotel-sale-arranged-by-marcus-millichap\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-02-12T19:38:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T16:59:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/02\/Hampton-Inn-Austin.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/austin-hampton-inn-hotel-sale-arranged-by-marcus-millichap\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/austin-hampton-inn-hotel-sale-arranged-by-marcus-millichap\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Austin Hampton Inn Hotel Sale Arranged by Marcus &amp; 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