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Home > Financial Press Releases > PKF Capital Markets Group Brokers Sale of Hotel Portfolio in Texas and Alabama
PKF Capital Markets Group Brokers Sale of Hotel Portfolio in Texas and Alabama
Houston, TX (PRWEB) November 30, 2005 -- Officials of PKF Capital Markets Group, a leading, national brokerage firm specializing in the hospitality industry, today announced that it has successfully brokered the sale of a portfolio of six Marriott properties, aggregating 697 rooms, located across Texas and Alabama. Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust and owner of premium limited-service, upscale extended-stay and full-service hotels purchased the portfolio from HM Partnership.
"These properties are in excellent condition with strong locations," said Joe Green, Winston president and CFO. "We believe they compete very effectively in their respective markets."
The hotel portfolio consists of:
126-room Courtyard by Marriott in Houston, Texas, near Compaq/Hewlett Packard's second largest campus.
128-suite TownePlace Suites in Houston, Texas, adjacent to the Houston Courtyard by Marriott. Both properties opened in late 2000.
94-suite TownePlace Suites Clear Lake in Houston, Texas. The three-story property was opened in mid-1999 and features an outdoor pool and fitness center.
94-suite TownePlace Suites located in College Station/Bryan, Texas.
127-suite TownePlace Suites in Northwest Austin, Texas.
128-suite TownePlace Suites in Birmingham, Alabama.
PKF Capital Markets Group (PKF CMG), headquartered in Houston, is an affiliate of PKF Consulting, a consulting and real estate firm specializing in the hospitality industry. PKF CMG professionals are experienced hotel real estate specialists with a solid knowledge of hospitality-related investments and financing, both in the United States and internationally. The company has offices in major U.S. cities, including Atlanta, Austin, Boston, Dallas, Houston, Indianapolis, Los Angeles, New York, Philadelphia and San Francisco.
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