Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Homewood Suites Arlington, a 101-room hospitality property located in Arlington, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Allan Miller and Chris Gomes, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, DPG Partners out of Dallas metro. The buyer, Northwest Airport Management LP, was also secured and represented by Miller and Gomes.

“The subject property is a stabilized newer build Homewood Suites, which is a highly sought-after franchise within the Hilton family” said Gomes. “It is located in the fast-growing south Arlington, with easy access to a diverse set of demand generators such as health, business, education and leisure. Some of those include Texas Health Resources, General Motors, UT Arlington and the Arlington Entertainment District,” he added.

Homewood Suites Arlington is located at 4550 Waxwing Drive in Arlington, Texas.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.