Marcus & Millichap announced the sale of an 11-property Courtyard Hotel portfolio for $101 million. The portfolio included properties in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky, and Oklahoma.
The transaction successfully connected multiple buyers with lenders, fulfilling closing requirements for the seller with minimal contingencies. This execution demonstrates Marcus & Millichap's ability to navigate market uncertainty and deliver reliable transactions.
The sale highlights the firm's expertise in the hospitality sector and its capacity to manage complex, multi-state portfolio dispositions. This contributes to Marcus & Millichap's reputation as a leading commercial real estate brokerage firm.
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