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 an 80-room SureStay Plus by Best Western located in Roanoke Rapids, North Carolina. The asset sold for $4,450,000, or $55,625 per room.
“We were excited to get this deal across the finish line within the expected closing date with an out-of-state buyer,” says Jack Davis, first vice president investments.
Davis, in addition to Joce Messinger, Josh Williams and Eric Webster, had the exclusive listing to market the property on behalf of the seller, United Group of Hotels, Inc. The Virgina-based buyer was also secured by the team.
This hotel asset is located at 136 Sheraton Drive, Roanoke Rapids, North Carolina. Built in 1998, the hotel sits on 2.61 acres of land situated directly off of Interstate 95.
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.
