Press Releases
Marcus & Millichap Brokers Sale and Financing of 86-Room Hospitality Asset in Austin Metro
February 12, 2025
AUSTIN, Feb. 12, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale and financing of Best Western Plus Executive Residency Austin - Round Rock, an 86-room hotel in Austin, Texas. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured the financing.
Marcus & Millichap’s Chris Gomes, executive managing director investments, exclusively marketed the property on behalf of the seller and procured the buyer with support from Allan Miller of the Miller-Gomes Hotel Group of Marcus & Millichap.
Built in 2019, the Best Western Plus Executive Residency is one of the newest offerings in the Best Western brand, designed for both short-term and extended stays. Located at 2021 Cheddar Loop Road, the hotel sits on 2.72 acres near Interstate 35, about 15 miles from downtown Austin. It is near major employers such as Dell Technologies, Apple and Samsung, as well as top attractions including The Domain, Typhoon Texas Waterpark and Circuit of the Americas.
Marcus & Millichap’s Chris Gomes, executive managing director investments, exclusively marketed the property on behalf of the seller and procured the buyer with support from Allan Miller of the Miller-Gomes Hotel Group of Marcus & Millichap.
Built in 2019, the Best Western Plus Executive Residency is one of the newest offerings in the Best Western brand, designed for both short-term and extended stays. Located at 2021 Cheddar Loop Road, the hotel sits on 2.72 acres near Interstate 35, about 15 miles from downtown Austin. It is near major employers such as Dell Technologies, Apple and Samsung, as well as top attractions including The Domain, Typhoon Texas Waterpark and Circuit of the Americas.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
