CBRE Hotels Sells Comfort Suites Longview, Texas

Dallas, Texas – January 21, 2014 – CBRE Hotels is pleased to announce the sale of the Comfort Suites located at 3307 North 4th Street in Longview, Texas. Heritage Inn XII, Limited Partnership, sold the property to Breiton Hospitality LLC who plans to maintain the Comfort Suites franchise and invest substantial funds to upgrade the property.

The 60-suite Comfort Suites is convenient to area attractions including Lake O’ the Pines and other demand generators in the ideal Piney Woods region of East Texas. The three-story hotel features an indoor heated swimming pool, hot tub, exercise room, meeting facilities, complimentary breakfast and wireless internet. 

The CBRE Hotels’ team consisted of First Vice President Bert Stevens in Dallas and Senior Vice President Nate Sahn and Senior Vice President James Johnson in Chicago who represented the seller in this transaction.

Mr. Stevens commented, "We generated significant interest in the hotel based on its strong location and substantial upside potential."

CBRE Hotels is a specialized advisory group within CBRE Group, Inc. providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.