HOUSTON, TX, July 27, 2023: HVS Brokerage & Advisory announces the sale of the 68-key Holiday Inn Express Kenedy, located at 4268 US-181, Kenedy, Texas 78119.
The property, built in 2013, was purchased by Monarch Group Hotels, based in Corpus Christi, Texas, from KJ Texas Properties LLC, based in Branson, Missouri.
Kendall Combs of KJ Texas Properties LLC commented, "It was a pleasure to collaborate with the HVS team throughout this off-market transaction. They demonstrated an exceptional understanding of the dynamics between the asset, pricing, and the local oil and gas market. Their expertise was clear as they meticulously executed a comprehensive marketing process. The result was a successful sale to a local group of buyers. I look forward to working with them again in the future.”
The property benefits from its strategic location near the Eagle Ford Shale formation, one of the world's largest contiguous oil and gas plays. Career opportunities in the oil and gas industry continue across production, refining, and distribution, demonstrating continued economic strength in this region.
“Based on our extensive experience in the Eagle Ford Shale area, our team was able to provide expert guidance throughout the process, ensuring an efficient and seamless transaction. Our aim is to consistently deliver exceptional value to our clients. This transaction exemplifies our unwavering commitment to excellence,” said Andrew Frosch, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Andrew Frosch, Joseph Manuel, Fadi Rawashdeh, and Kyle Peterek participated in this transaction.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
The property, built in 2013, was purchased by Monarch Group Hotels, based in Corpus Christi, Texas, from KJ Texas Properties LLC, based in Branson, Missouri.
Kendall Combs of KJ Texas Properties LLC commented, "It was a pleasure to collaborate with the HVS team throughout this off-market transaction. They demonstrated an exceptional understanding of the dynamics between the asset, pricing, and the local oil and gas market. Their expertise was clear as they meticulously executed a comprehensive marketing process. The result was a successful sale to a local group of buyers. I look forward to working with them again in the future.”
The property benefits from its strategic location near the Eagle Ford Shale formation, one of the world's largest contiguous oil and gas plays. Career opportunities in the oil and gas industry continue across production, refining, and distribution, demonstrating continued economic strength in this region.
“Based on our extensive experience in the Eagle Ford Shale area, our team was able to provide expert guidance throughout the process, ensuring an efficient and seamless transaction. Our aim is to consistently deliver exceptional value to our clients. This transaction exemplifies our unwavering commitment to excellence,” said Andrew Frosch, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Andrew Frosch, Joseph Manuel, Fadi Rawashdeh, and Kyle Peterek participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, 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.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620