PKF Capital Brokers Sale of Holiday Inn Express in Pasadena, TX
PASADENA, TX, November 29, 2006. Texas-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 the 62-room Holiday Inn Express Hotel & Suites in Pasadena, Texas on behalf of the purchaser, Harihar, LLC, from NDJ, Inc., for an undisclosed amount.
Situated at 2060 Spencer Highway, the two-story hotel is within a few miles of Pasadena Convention Center, Minute Maid Park, Toyota Center, Reliant Stadium, Bayshore Medical Center, Houston Hobby Airport and Pasadena Petrochemical complex. The hotel features guest rooms with free high-speed Internet access and whirlpool baths, as well as large oversized rooms with microwave & refrigerator. Property amenities include a free deluxe breakfast bar, business center with DSL line, fitness center, guest laundry, and meeting room facilities for up to 60 people. The select service hotel recently underwent a complete renovation.
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, Orange County, New York, San Francisco and Washington, D.C.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
