Press Releases
DDM Hotels Group of Marcus & Millichap Announces Sale of Wytheville Hotel
November 08, 2023
WYTHEVILLE, Va., November 8, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Tru by Hilton Wytheville, a 94-room hotel located in Wytheville, Virginia. The property sold for an undisclosed price.
Chase Dewese, Jack Davis and Joce Messinger, investment advisors with the DDM Hotels Group of Marcus & Millichap, represented the transaction on behalf of the seller, CN Hotels. The team also procured the undisclosed buyer. Brian Hosey assisted in the transaction as Virginia broker of record.
“This was a seamless transaction with a credible buyer and longstanding relationship client in CN Hotels,” says Dewese.
“Our team has now completed 24 transactions this year, with six of those being in Virginia,” adds Davis.
Tru by Hilton Wytheville is located at 245 Boyd Avenue.
Chase Dewese, Jack Davis and Joce Messinger, investment advisors with the DDM Hotels Group of Marcus & Millichap, represented the transaction on behalf of the seller, CN Hotels. The team also procured the undisclosed buyer. Brian Hosey assisted in the transaction as Virginia broker of record.
“This was a seamless transaction with a credible buyer and longstanding relationship client in CN Hotels,” says Dewese.
“Our team has now completed 24 transactions this year, with six of those being in Virginia,” adds Davis.
Tru by Hilton Wytheville is located at 245 Boyd Avenue.
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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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
