Marcus & Millichap Sells the 116-Room Holiday Inn Express Burlington

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 Holiday Inn Express Burlington. The 116-room hospitality property is located at 2701 Longpine Rd. in Burlington, N.C., according to Benjamin Yelm, regional manager of the firm’s offices in the Carolinas.

Jack Davis, Joce Messinger, Josh Williams and Eric Webster, investment specialists in Marcus & Millichap’s Charleston office, had the exclusive listing to market the property on behalf of the seller and secured the buyer. The four-story hotel is situated off Interstate-40 and sees an extremely high traffic count of over 85,000 vehicles per day. “We sold this asset for a repeat client to a private investor based on pre-pandemic numbers,” noted Davis. 

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.