{"id":1004194483,"date":"2017-10-20T07:47:20","date_gmt":"2017-10-20T15:47:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194483"},"modified":"2022-12-07T02:57:02","modified_gmt":"2022-12-07T10:57:02","slug":"cbre-facilitates-sale-of-houston-area-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-facilitates-sale-of-houston-area-hotel\/","title":{"rendered":"CBRE Facilitates Sale of Houston-Area Hotel"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004194484\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Holiday-Inn-Express-Bay-City.jpeg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004194484\" data-attachment-id=\"1004194484\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-facilitates-sale-of-houston-area-hotel\/holiday-inn-express-bay-city\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Holiday-Inn-Express-Bay-City.jpeg\" data-orig-size=\"1024,765\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1508506011&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Holiday Inn Express Bay City\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Holiday-Inn-Express-Bay-City.jpeg?w=1024\" loading=\"lazy\" class=\"wp-image-1004194484 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Holiday-Inn-Express-Bay-City.jpeg\" alt=\"The Holiday Inn Express in Bay City, Texas\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Holiday-Inn-Express-Bay-City.jpeg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Holiday-Inn-Express-Bay-City.jpeg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Holiday-Inn-Express-Bay-City.jpeg?resize=768,574 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194484\" class=\"wp-caption-text\">The Holiday Inn Express in Bay City, Texas<\/p><\/div>\n<p>CBRE Hotels arranged the sale of Holiday Inn Express &amp; Suites, a 74-key, <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-texas-city-hotel\/\">limited-service hotel<\/a> in Bay City, Texas. Houston-based SNI 5618 Investment LP acquired the asset from San Antonio-based Baywood Hotels for an undisclosed price. The transaction marks the first hotel acquisition for the buyer, which owns several apartment properties in the Houston area.<\/p>\n<p>Located at 5618 7<sup>th<\/sup> St., on Highway 35, the hotel is three miles from both Matagorda County Museum and downtown Bay City. The Matagorda Bay, Matagorda Beach and Matagorda Nature Park are all within driving distance from the hotel. Featuring simple decor and furnishings, all keys include free Wi-Fi, flat-screen TVs and desks. Suites add living areas with pull-out sofas, as well as microwaves, mini-fridges and wet bars. Other amenities include an outdoor pool with a sundeck, an exercise room and a 24-hour convenience store.<\/p>\n<p><em>\u201cThe hotel market is booming in Bay City due to the development of several industrial projects. This is the second hotel that we have sold in Bay City in 2017,\u201d<\/em> said Michael Yu, senior vice president of hotel brokerage and investment sales at CBRE Hotels, in a prepared statement.<\/p>\n<p>Yu, Rahul Bijlani and Agrama Mannapperuma represented the seller and assisted the buyer in the transaction.<\/p>\n<p><em>Image courtesy of CBRE Hotels <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SNI 5618 Investment LP purchased the 74-key Holiday Inn Express &amp; Suites in Bay City, Texas, from Baywood Hotels. This is the second transaction CBRE Hotels closes in Bay City this year.<\/p>\n","protected":false},"author":238,"featured_media":1004194484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,1589,21783,21742],"tags":[32908,32789,34454],"class_list":["post-1004194483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-houston","category-investment","category-latest","tag-baywood-hotels","tag-cbre","tag-holiday-inn"],"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>CBRE Facilitates Sale of Houston-Area Hotel - 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\/cbre-facilitates-sale-of-houston-area-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Facilitates Sale of Houston-Area Hotel\" \/>\n<meta property=\"og:description\" content=\"SNI 5618 Investment LP purchased the 74-key Holiday Inn Express &amp; Suites in Bay City, Texas, from Baywood Hotels. This is the second transaction CBRE Hotels closes in Bay City this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-facilitates-sale-of-houston-area-hotel\/\" \/>\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=\"2017-10-20T15:47:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T10:57:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Holiday-Inn-Express-Bay-City.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"765\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\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\\\/cbre-facilitates-sale-of-houston-area-hotel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-facilitates-sale-of-houston-area-hotel\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"CBRE Facilitates Sale of Houston-Area Hotel\",\"datePublished\":\"2017-10-20T15:47:20+00:00\",\"dateModified\":\"2022-12-07T10:57:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-facilitates-sale-of-houston-area-hotel\\\/\"},\"wordCount\":230,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-facilitates-sale-of-houston-area-hotel\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/10\\\/Holiday-Inn-Express-Bay-City.jpeg\",\"keywords\":[\"Baywood Hotels\",\"CBRE\",\"Holiday Inn\"],\"articleSection\":[\"Deals\",\"Hotel\",\"Houston\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-facilitates-sale-of-houston-area-hotel\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-facilitates-sale-of-houston-area-hotel\\\/\",\"name\":\"CBRE Facilitates Sale of Houston-Area Hotel - 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