Press Releases
Marcus & Millichap Facilitates $7.7M Sale of 107-Room Holiday Inn in North Carolina
January 02, 2025
LUMBERTON, N.C., Jan. 2, 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 a 107-room Holiday Inn hotel in Lumberton, North Carolina for $7.7 million.
“We were able to identify a qualified buyer early in the marketing process given the property’s consistent performance,” said Chase Dewese, first vice president of investments. “The buyer will be able to create additional upside upon completion of the new ownership PIP.”
Dewese, Jack Davis and Joce Messinger, investment specialists in Marcus & Millichap’s Charlotte and Charleston office, had the exclusive listing to market the property on behalf of the seller, SREE Hotels. Donald Gilchrist is Marcus & Millichap’s broker of record in North Carolina.
The Holiday Inn is located on 5.74 acres at 101 Wintergreen Drive, just off Interstate 95, a heavily traveled thoroughfare along the East Coast. Built in 1990, the property offers amenities including an outdoor swimming pool, meeting and banquet facilities, and a fitness center.
“We were able to identify a qualified buyer early in the marketing process given the property’s consistent performance,” said Chase Dewese, first vice president of investments. “The buyer will be able to create additional upside upon completion of the new ownership PIP.”
Dewese, Jack Davis and Joce Messinger, investment specialists in Marcus & Millichap’s Charlotte and Charleston office, had the exclusive listing to market the property on behalf of the seller, SREE Hotels. Donald Gilchrist is Marcus & Millichap’s broker of record in North Carolina.
The Holiday Inn is located on 5.74 acres at 101 Wintergreen Drive, just off Interstate 95, a heavily traveled thoroughfare along the East Coast. Built in 1990, the property offers amenities including an outdoor swimming pool, meeting and banquet facilities, and a fitness 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, 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.
