Marcus & Millichap Brokers the Sale of Comfort Suites Medical Center in Fargo

FARGO, ND , 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 Comfort Suites Medical Center, an 82-room hospitality property located in Fargo, ND, according to Adam A. Lewis, regional manager of the firm’s Denver office. The asset sold for $8,300,000.

The buyer, a limited liability company, was secured and represented by Allan Miller, Chris Gomes, Huberth Marak, and Skyler Cooper, investment specialists in Marcus & Millichap’s Austin, Dallas, and Denver offices. Jon Ruzicka, Broker, assisted in closing this transaction.

Comfort Suites Medical Center is located at 4417 23rd Ave S in Fargo, ND.  “The buyer was a repeat client and part of a seasoned hospitality investment group who closed another transaction with my team only four months prior. This time, they were looking for a hotel to complete a 1031 exchange after selling a hotel in Montana. The buyer had specific needs, including location on the I-90 corridor which I used to target potential properties, even those not currently on the market. After identifying the Comfort Suites Medical Center, our client liked the hotel and made a compelling offer that appealed to the owner, resulting in an off-market sale. The deal closed with conventional financing with a local lender, and the seller carried a small note after all exchange funds were used. This transaction was a prime example of our team helping a buyer and seller come to terms advantageous to each party which resulted in a smooth transaction,” said Huberth Marak.

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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.