Marcus & Millichap Arranges The Sale Of A 138-Room Hospitality Property
Allan Miller, Chris Gomes and Steve Swenholt, investment specialists in Marcus & Millichap’s Austin and Dallas offices, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was procured and represented by Miller, Gomes and Swenholt with Elizabeth Williams, Broker, assisting in closing this transaction.
Motel 6/Studio 6 Little Rock West is located at 10524 West Markham Street in Little Rock, AR. This three-story hotel was unphased by the downturn of the market in 2020 and has increased room revenues year-over-year. Located within seven miles from downtown Little Rock, the hotel is properly positioned to take advantage of business and leisure travel in the market.
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About Marcus & Millichap (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.