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Lockwood Development Partners Sells Crowne Plaza in Austin

October 21, 2022

AUSTIN, Texas, October 20, 2022--(BUSINESS WIRE)--Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a former Crowne Plaza with 293 rooms in Austin, Texas.

"This Crowne Plaza was originally purchased in 2021 by Lockwood Development as part of a ten-property portfolio sale," said Eddy Nevarez, first vice president investments and director of Marcus & Millichap’s Hospitality Division.
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