Marcus & Millichap Arranges the Sale of Rice Hill Inn, a 48-Room Hospitality Property in Oakland, OR

OAKLAND, Ore., August 15, 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 Rice Hill Inn, a 48-room hospitality property located in Oakland, Oregon, according to Adam A. Lewis, regional manager of the firm’s Denver office. The 1.70-acre asset sold for $2,290,000.

Huberth Marak, Skyler Cooper, Chris Gomes and Allan Miller, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was procured and represented by Marak, Cooper, Gomes and Miller. David Tabata, broker of record of Oregon, assisted in closing this transaction.

Rice Hill Inn, an independently branded hotel, is located at 621 John Long Road in Oakland, Oregon, with direct access to Interstate 5. The two-story property features 48 guest rooms, ample parking for cars, trucks, and recreational vehicles, and offers convenient proximity to popular wineries, outdoor recreation areas, and the Umpqua River.

During the listing period, the property generated strong interest, attracting multiple offers and confidentiality agreements. The eventual buyer secured an SBA loan to complete the purchase, marking their first venture into the hospitality industry after previously operating grocery stores and gas stations.

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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.