- ICON acquired Baymont in Texas.
- It offers 1,050 square feet of event space.
- Marcus & Millichap brokered the deal.
The property previously operated as a Hampton Inn before being converted to the Wyndham brand, M&M said in a statement. The hotel, built in 2002 and renovated in 2013, features an outdoor pool, fitness room, lobby workstation and about 1,050 square feet of meeting and event space.
Chris Gomes, an investment specialist in M&M’s Dallas office, represented the seller and procured the buyer. Spencer Kirsch of Mission Capital Advisors and Allan Miller of the Miller-Gomes Hotel Team also supported the transaction.
Texas-based ICON is a hotel ownership and management company led by managing partners Piyush Patel and Nimesh Patel.
In July, ICON acquired the Sleep Inn & Suites in Round Rock, Texas, from Burton Hotel Group of Round Rock LLC in a deal brokered by Mumford Co.
