Press Releases
Marcus & Millichap Brokers $10.6M Sale of La Quinta Inn & Suites in Clifton Park, N.Y.
February 11, 2025
CLIFTON PARK, N.Y., Feb. 11, 2025 – 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 104-room La Quinta Inn & Suites hotel property in Clifton Park, New York. The property sold for $10.6 million.
“We created a wide-ranging and competitive marketing process," said Kevin Laureno. “Our unmatched ability to access buyers and articulate future value generated a significantly above-list-price outcome, yielding nearly a dozen written offers with competitive terms and creating a win-win for both the buyer and seller.”
Laureno and Alexandre Duong, investment specialists in Marcus & Millichap’s Cleveland office, had the exclusive listing to market the property on behalf of the seller. John Horowitz is Marcus & Millichap’s broker of record in New York.
The four-story La Quinta Inn & Suites sits on 3.09 acres at 1749 U.S. 9. Built in 2017, the 46,266-square-foot hotel features amenities such as an indoor pool and a fitness center. The property caters to both business and leisure travelers, located just seven minutes from dozens of restaurants and Clifton Park Mall and 25 minutes from Albany International Airport.
“We created a wide-ranging and competitive marketing process," said Kevin Laureno. “Our unmatched ability to access buyers and articulate future value generated a significantly above-list-price outcome, yielding nearly a dozen written offers with competitive terms and creating a win-win for both the buyer and seller.”
Laureno and Alexandre Duong, investment specialists in Marcus & Millichap’s Cleveland office, had the exclusive listing to market the property on behalf of the seller. John Horowitz is Marcus & Millichap’s broker of record in New York.
The four-story La Quinta Inn & Suites sits on 3.09 acres at 1749 U.S. 9. Built in 2017, the 46,266-square-foot hotel features amenities such as an indoor pool and a fitness center. The property caters to both business and leisure travelers, located just seven minutes from dozens of restaurants and Clifton Park Mall and 25 minutes from Albany International Airport.
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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.
