PKF Brokers Sale of Quality Inn, Baytown TX
JANUARY 30, 2007. 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 109-room Quality Inn , Select Service Hotel in Baytown, Texas on behalf of the purchaser, Separk Enterprises, LLC, from Mahalaxmi Investments, Inc., for an undisclosed amount.
"This hotel benefits greatly from an excellent location near the Baytown Petro-Chemical Industrial Complex," said R. S. Patel, transaction broker. "The hotel recently underwent a complete renovation and is well positioned to become one of the area's premier select service destinations."
Situated at 300 Hwy 146 Business, Baytown, TX the two-story hotel is within a few miles of the Petro-Chemical Industrial Complex; San Jacinto Monument, Museum & State Park; and Battleship Texas Monument & Museum. The hotel features guest rooms with free high-speed Internet access and 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 200 people.
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 
