Marcus & Millichap Brokers the Sale of a 65-Room Hospitality Property
Andy Patel, senior associate, and Gordon Allred, senior managing director investments in Marcus & Millichap’s Palm Springs and Inland Empire offices respectively, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also procured by Patel and Allred.
Quality Inn is located at 600 West Donlon Street in Blythe, California. The property was recently renovated prior to the sale and received multiple offers. The team, Marcus & Millichap staff, system, and support were instrumental in successful sale of the asset.
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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.