Marcus & Millichap brokers $19.2 million sale of three-hotel portfolio in Chicago’s western suburbs
Miller-Gomes Hotel Team at Marcus & Millichap
Marcus & Millichap's Top-Grossing Hotel Team Made Up of 24 Team Members in 8 Offices across the US
Marcus & Millichap ?has brokered the $19.2 million sale of a three-hotel portfolio in Chicago’s western suburbs comprising 262 rooms.
The properties included two in Elgin, Illinois, a Comfort Suites at?480 Bushwood Drive and?Country Inn and Suites at?2270 Point Blvd.,?and a Holiday Inn Express at?2595 Bunker Hill Drive?in neighboring Algonquin, Ill.?
Marcus & Millichap First Vice President Investments Ebrahim Valliani and Senior Associate Michael Klar represented the seller, a Chicago-based investment group. They also procured two separate buyers: a Wisconsin-based investment group entering the Chicago-area market with its purchase of the Comfort Suites and Holiday Inn Express, and a local investor who bought the Country Inn and Suites in a 1031 exchange.?
Read the full feature from REJournals: https://rejournals.com/marcus-millichap-brokers-19-2-million-sale-of-three-hotel-portfolio-in-chicagos-western-suburbs/
Chief Executive Officer (CEO), Creative Lending Solutions Corp.
2 年Congratulations Ebrahim & Michael!! ????