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 Hilton Garden Inn Atlanta Airport, a 174-room hospitality property located at 3437 Bobby Brown Pkwy in East Point, Ga., according to Benjamin Yelm, regional manager of the firm’s Charleston office.
Jack Davis, 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. Additionally, John M. Leonard, Marcus & Millichap’s regional manager and broker of record in Georgia, assisted in closing this transaction.
“This hotel was sold as part of a portfolio of Hilton properties consisting of 324 rooms. This particular asset was encumbered by Commercial Mortgage-Backed Securities (CMBS) debt that was assumed by the purchaser,” noted Davis.
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.
