SNI 5618 Investment LP purchased the 74-key Holiday Inn Express & Suites in Bay City, Texas, from Baywood Hotels. This is the second transaction CBRE Hotels closes in Bay City this year. Advertisements
In recent years, the city has been riding favorable demographic trends, healthy job creation and a high demand for apartments. The metro’s population continues to grow at nearly three times the national rate.
Smaller metros with lower wage growth or constrained housing stocks could see rents rise the most from the Amazon HQ2, notes a new Apartment List report.
The firm will occupy 3,000 square feet at The Pinnacle at Symphony Place, a 29-story skyscraper in the city’s South of Broadway district.
The 916-unit asset located in the historic downtown of Westwood marks the 37th Extra Space Storage facility of The Hampshire Cos.
Voit Real Estate Services arranged the sale of the 102-year-old Sante Fe Depot, which offers mixed-use development opportunities. Heritage Architecture & Planning will be in charge of restorations.
The Virginia-based company will run the 109-key hotel in Ohio. Homewood Suites by Hilton Columbus/OSU is in close proximity to the Ohio Stadium.