PKF Capital Brokers Sale of Super 8 Cleveland TX
JANUARY 16, 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 43-room Super 8 Motel in Cleveland, Texas, representing the purchaser, Pramukhswami Investment Corp., and the seller, Vir Corporation.
"The hotel recently completed a full remodeling and won Super 8's 'Clean & Friendly' award," said R. S. Patel, the transaction's broker. "The property is in excellent condition and is well positioned to substantially increase its market share."
Located at 427 W. Southline off of Interstate 59, the select-service hotel is within walking distance of multiple shopping and dining venues and a short drive to Lake Livingston Big Thicket National Forest and the 4,600-acre Alabama Coushatta Indian Reservation featuring camping, outdoor and casino gaming activities. Hotel amenities include a complimentary, daily, continental breakfast, business center and guest laundry. Guest rooms offer free high speed Internet access, free local phone calls, microwave and refrigerator. , 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 
