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Marcus & Millichap Arranges Sale of 60-Room Hospitality Property in Portage, Indiana

January 07, 2025

PORTAGE, Ind., Jan. 7, 2024 – 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 Hampton Inn Portage, a 60-room hospitality property located in Portage, Indiana. 

Ebrahim Valliani, senior vice president, and Michael Klar, senior associate, both investment specialists in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and secured the buyer. Both entities are limited liability companies. The transaction received additional support from Allan Miller and Chris Gomes of the Miller-Gomes Hotel Team. Josh Caruana is Marcus & Millichap’s broker of record in Indiana. 

Hampton Inn Portage is a 60-room, three-story hotel located at 6353 Melton Road in Portage, Indiana. The buyer group will complete extensive renovations at the property and continue to run the hotel as a Hampton Inn by Hilton. 

The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 600 hotels across the nation since its inception. The team has 66 active listings across 20 states, 22 hotels under contract, and closed 83 transactions in 2023. 

 

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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.

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