Press Releases
Marcus & Millichap Arranges Sale of 45-Room Quality Inn & Suites in Thomasville, N.C.
May 07, 2025
THOMASVILLE, N.C., May 7, 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 45-room Quality Inn & Suites in Thomasville, North Carolina.
“We saw strong investor interest in this asset, with over 30 showings and multiple offers reflecting continued demand for hospitality properties in the Piedmont Triad region,” said Millin Mehta, associate. “Given our recent track record of hotel sales in the area, we were able to quickly identify and secure a competitive buyer. The new owner plans to continue operating the property as a Quality Inn, and with performance already trending upward, they are well positioned to capitalize on the market’s momentum.”
Mehta, Jack Davis and Joce Messinger, investment specialists in Marcus & Millichap’s Charleston and Charlotte offices, had the exclusive listing to market the property on behalf of the seller, NC Hospitality Group LLC, and procured the buyer, Shri Mahavir Hotels LLC.
The Quality Inn & Suites is located at 7 Laura Lane on 1.11 acres directly off Interstate 85. Built in 1990, the 45-room hotel features an outdoor pool, fitness center and business center. The property is near Novant Health Thomasville Medical Center, High Point University and within a 30-minute drive of Piedmont Triad International Airport.
“We saw strong investor interest in this asset, with over 30 showings and multiple offers reflecting continued demand for hospitality properties in the Piedmont Triad region,” said Millin Mehta, associate. “Given our recent track record of hotel sales in the area, we were able to quickly identify and secure a competitive buyer. The new owner plans to continue operating the property as a Quality Inn, and with performance already trending upward, they are well positioned to capitalize on the market’s momentum.”
Mehta, Jack Davis and Joce Messinger, investment specialists in Marcus & Millichap’s Charleston and Charlotte offices, had the exclusive listing to market the property on behalf of the seller, NC Hospitality Group LLC, and procured the buyer, Shri Mahavir Hotels LLC.
The Quality Inn & Suites is located at 7 Laura Lane on 1.11 acres directly off Interstate 85. Built in 1990, the 45-room hotel features an outdoor pool, fitness center and business center. The property is near Novant Health Thomasville Medical Center, High Point University and within a 30-minute drive of Piedmont Triad 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.
