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 La Quinta Inn & Suites DC Metro Capitol Beltway, a 174-room hospitality property located in Capitol Heights, Maryland, according to Benjamin Yelm, regional manager of the firm’s Charleston office. The asset sold for $10,450,000.
Jack Davis, Chase Dewese, 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 buyer, a private investor, was secured and represented by Jack Davis, Chase Dewese, Joce Messinger, and Josh Williams. Maryland broker of record, Brian Hosey, assisted in closing this transaction.
La Quinta Inn & Suites DC Metro Capitol Beltway is located at 55 Hampton Park Blvd in Capitol Heights, Md. Sitting in the Washington, D.C. metropolitan area, this property has easy access to both major airports nearby, Ronald Reagan Washington National Airport as well as Dulles International Airport. Just a short drive from the La Quinta Inn is downtown Washington, D.C., which serves as a hub for education, entertainment, government and professional work.
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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
