Press Releases
Marcus & Millichap Brokers Two-Property Hotel Portfolio Sale in Coconut Creek, Florida
July 17, 2025
COCONUT CREEK, Fla., July 17, 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 two-property hotel portfolio: Residence Inn and Hampton Inn & Suites in Coconut Creek, Florida.
“At a time when market conditions have led to very few sales within this range of value, the hotels' location and the quality of the brands were critical in driving buyer demand,” said Robert Hunter, senior managing director. “This was one of the more competitive sales processes we’ve managed in years, which is a testament to the premium for premium-branded hotels in Southeast Florida.”
Hunter, along with Marcus & Millichap’s Leo Reilly, Evan P. Kristol and Austin Michels, exclusively marketed the portfolio on behalf of the seller and secured the buyer, Excel Group, a private equity firm that owns and develops hotels across the country.
The Residence Inn, located at 5730 N State Road 7, is a six-story, 105-room extended-stay hotel built in 2019. Next door, the Hampton Inn & Suites at 5740 N State Road 7 was built in 2014 and also includes 105 guest rooms. Both properties offer similar amenities, including outdoor pools, fitness centers, meeting space and business services.
Situated on a combined 4.73-acre site along State Road 7, a major north-south corridor with direct access to the Sawgrass Expressway and Florida’s Turnpike, the hotels are minutes from area attractions including Seminole Casino Coconut Creek, HCA Florida Northwest Hospital and the 200-acre Mainstreet at Coconut Creek mixed-use development currently underway.
“At a time when market conditions have led to very few sales within this range of value, the hotels' location and the quality of the brands were critical in driving buyer demand,” said Robert Hunter, senior managing director. “This was one of the more competitive sales processes we’ve managed in years, which is a testament to the premium for premium-branded hotels in Southeast Florida.”
Hunter, along with Marcus & Millichap’s Leo Reilly, Evan P. Kristol and Austin Michels, exclusively marketed the portfolio on behalf of the seller and secured the buyer, Excel Group, a private equity firm that owns and develops hotels across the country.
The Residence Inn, located at 5730 N State Road 7, is a six-story, 105-room extended-stay hotel built in 2019. Next door, the Hampton Inn & Suites at 5740 N State Road 7 was built in 2014 and also includes 105 guest rooms. Both properties offer similar amenities, including outdoor pools, fitness centers, meeting space and business services.
Situated on a combined 4.73-acre site along State Road 7, a major north-south corridor with direct access to the Sawgrass Expressway and Florida’s Turnpike, the hotels are minutes from area attractions including Seminole Casino Coconut Creek, HCA Florida Northwest Hospital and the 200-acre Mainstreet at Coconut Creek mixed-use development currently underway.
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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.
