Holiday Inn Express Kenedy Hotel in Kenedy, Texas has been sold

Berita, Bisnis210 Dilihat

HVS Brokerage & Advisory has reported the sale of the 68-key Holiday Inn Express Kenedy, located at 4268 US-181, Kenedy, Texas 78119.

Monarch Group Hotels, headquartered in Corpus Christi, Texas, has acquired the property, built in 2013, from KJ Texas Properties LLC, based in Branson, Missouri.

Kendall Combs from KJ Texas Properties LLC expressed, “Working with the HVS team on this off-market transaction was a pleasure. Their profound comprehension of the asset, pricing, and the local oil and gas market was evident, and they executed a thorough marketing process. The result culminated in a prosperous sale to a group of buyers from the local area. I am eagerly looking forward to future collaborations with them”

The property’s strategic location near the Eagle Ford Shale formation, one of the largest oil and gas plays globally, is advantageous.

The region offers ample career opportunities in the oil and gas industry, encompassing production, refining, and distribution, highlighting the area’s sustained economic vitality.

Andrew Frosch, Senior Vice President of HVS Brokerage & Advisory, stated, “Drawing on our vast experience in the Eagle Ford Shale region, our team offered expert guidance, facilitating an efficient and seamless transaction.

Our dedication is to consistently provide exceptional value to our clients, and this deal exemplifies our unwavering commitment to excellence.”

Andrew Frosch, Joseph Manuel, Fadi Rawashdeh, and Kyle Peterek from the HVS Brokerage & Advisory team were all involved in this transaction.

Monarch Group Hotels, a company headquartered in Corpus Christi, Texas, acquired the 68-key hotel from KJ Texas Properties LLC, based in Branson, Missouri.

Baca juga  Johns Lyng Group is optimistic as its revenue is expected to reach $1.25 billion

This property, constructed in 2013, comprises 68 guest rooms and enjoys a strategic location in close proximity to the Eagle Ford Shale formation, one of the world’s largest continuous oil and gas reserves.

This location provides ample opportunities in the oil and gas industry, encompassing production, refining, and distribution, contributing to the region’s ongoing economic strength.

The HVS Brokerage & Advisory team, including Andrew Frosch, Joseph Manuel, Fadi Rawashdeh, and Kyle Peterek, facilitated the transaction with their extensive experience in the Eagle Ford Shale area, ensuring an efficient and seamless process.

The sale exemplifies their dedication to delivering exceptional value to their clients.

Source : hotelnewsresource.com

Komentar