Marcus & Millichap Arranges the Sale of a 58-Room Hospitality Property
Jake M. Erickson, Joseph Ferguson, Jared Plamann and Jon Ruzicka, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller. The buyer was procured by Jake M. Erickson.
AmericInn Baxter Brainerd is located at 7836 Fairview Road in Baxter, Minnesota. Built in 1973 with solid concrete construction and 62 Rooms, the hotel was rebranded with AmericInn during 2017. The new owners are planning to refresh and renovate the property which will enhance the guest experience and ensure long term success.
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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.