Marcus & Millichap closed the sale of a 107-room Best Western hotel property in Pecos, Texas.
Allan Miller, investment specialist in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, Catering of Central Texas, LLC, and procured the buyer, a private investor group with multiple other commercial assets in the West Texas region. The transaction received additional support from Chris Gomes of Miller-Gomes Hotel Team.
Located at 133 S. Frontage Road, the property is a one-story, exterior-corridor hotel with access to Interstate 20 and Pecos Municipal Airport. The sale included the Alpine Lodge restaurant, Ol’ Barrys Tavern and The Villas, a 33-room manufactured housing community situated behind the hotel. Amenities include an outdoor pool, fitness and business centers. The property serves demand generated by the region’s oil and gas industry, nearby medical facilities and local event venues.
The Best Western Swiss Clock Inn & Alpine Lodge Restaurant marks the Miller-Gomes Hotel Team’s 34th successful transaction in the Permian Basin since 2010.
