HVS Brokerage & Advisory was pleased to assist its long-time client, Shree Maha Laxmi LLC, in the sale of the 83-unit Candlewood Suites Houston NW Willowbrook.
“Within eleven days of going to market, we sourced an out-of-state, 1031-exchange buyer. Despite the challenge of the government shutdown and the buyer's pursuit of an SBA 7(a) loan, we worked closely with the seller and buyer throughout the transaction, resulting in a deal that was mutually beneficial to both parties,” said James Rebullida, an HVS Brokerage & Advisory associate.
About HVS Brokerage & Advisory
The Brokerage & Advisory Division is a specialized group within HVS that offers brokerage, debt and equity financing, and investment search services focused exclusively on the hospitality industry. With a global footprint and over 40 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want. As of February 2019, the group has nine engagements in excess of $90 million that it is actively marketing for sale; additionally, another two assets are under contract and anticipated to close soon.
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