Marcus & Millichap Arranges the Sale of a 64-room Hospitality Property

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Fairfield Inn & Suites Macon West, a 64-room hospitality property located in Macon, GA, according to Benjamin Yelm, regional manager of the firm’s Charleston office. The asset sold for $3,925,000.

Jack Davis, Joseph Simpson, Joce Messinger and Josh Williams, investment specialists in Marcus & Millichap’s Charleston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The listing team also secured and represented the buyer, another private investor. John M. Leonard, Marcus & Millichap’s broker of record in Georgia, assisted in closing this transaction.

“We are excited to close Macon’s Fairfield Inn & Suites for over 98 percent of its listing price. The hotel is affiliated with Marriott and well-situated off I-475,” said Davis. “There is an abundance of liquidity in the market right now for investments within the hospitality industry.”

Fairfield Inn & Suites Macon West is located at 110 Plantation Inn Dr in Macon, GA. Aside from its proximity to I-475, the property boasts an indoor pool, a fitness center, vending machines, a large dining area and on-site parking. It is also conveniently situated approximately five miles from the lucrative shopping and dining centers of The Shoppes at River Crossing and Macon Mall. The city of Macon houses several institutions of higher education, as well as numerous museums and tourism sites. The area is served by Middle Georgia Regional Airport and Herbert Smart Downtown Airport.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.