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Texas  + Hospitality  |  June 18, 2020
Paul Bubny
By: Paul Bubny

Miller-Gomes Team Closes Deal for Corpus Christi Hotel

Marcus & Millichap’s Miller-Gomes Hotel Team arranged the sale of Plaza Inn Corpus Christi, a 105-room hospitality property in Corpus Christi. The hotel is positioned less than four miles from the Corpus Christi International Airport.

Andrew B. Frosch, first VP investments in Marcus & Millichap’s Houston office; Allan Miller, SVP investments in the Austin office; Chris Gomes, senior managing director investments in the Dallas office; and Joseph Manuel, associate in the Houston office, marketed the property on behalf of the seller, a private investor.

The buyers seized on an upside opportunity to expand their business portfolio, with plans to convert this independent hotel into a national franchise brand. Although COVID-19 has impacted hospitality lending, the Marcus & Millichap team helped the buyers secure financing. The buyers, a private investment group from Texas, were secured and represented by Frosch, Miller and Gomes.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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