Marcus & Millichap Announces Sale of Charlotte Best Western
Chase Dewese, Jack Davis and Joce Messinger had the exclusive listing to market the property on behalf of the seller, in addition to procuring Primo Investments as the buyer.
“The hotel is located in one of Charlotte’s fastest growing commercial development submarkets in lower South End,” says Dewese. “The buyer’s plan is to up-brand the hotel within the Best Western franchise. This was a repeat client who has continued to trust our team to transact on their behalf.”
Best Western Sterling Hotel & Suites is located at 242 E Woodlawn Road in Charlotte, less than 7 miles from the Charlotte Douglas International Airport. Built in 1984 on 2.03 acres, the hotel features premium amenities such as a fitness center, continental breakfast, self-parking, laundry facilities, meeting space and a business center.
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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.