Press Releases
Marcus & Millichap Arranges Sale of Hampton Inn Property in Paragould, Arkansas
October 14, 2025
PARAGOULD, Ark., Oct. 14, 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 an 88-room Hampton Inn hotel property in Paragould, Arkansas.
“This sale worked out very well for both parties,” said Allan Miller, senior managing director investments. “The buyer was in a 1031 exchange and found the Hampton Inn to be an ideal fit given its strong operating performance, location and quality construction. The transaction represents a great match between long-term investment goals and a well-performing hospitality asset.”
Miller, investment specialist in Marcus & Millichap’s Austin office, in association with Steve Greer, Marcus & Millichap’s Arkansas broker of record, had the exclusive listing to market the property on behalf of the seller, a regional institutional entity. The transaction received additional support from Chris Gomes of the Miller-Gomes Hotel Team.
The Hampton Inn Paragould was built in 2016 and sits on 1.72 acres at 3810 Linwood Drive. The 88-room hotel offers strong visibility from U.S. Highway 49 and Route 412 and features a. outdoor pool, fitness center, business center, meeting space and complimentary breakfast. It is near Arkansas State University, Black River Tech and Crowley’s Ridge College.
“This sale worked out very well for both parties,” said Allan Miller, senior managing director investments. “The buyer was in a 1031 exchange and found the Hampton Inn to be an ideal fit given its strong operating performance, location and quality construction. The transaction represents a great match between long-term investment goals and a well-performing hospitality asset.”
Miller, investment specialist in Marcus & Millichap’s Austin office, in association with Steve Greer, Marcus & Millichap’s Arkansas broker of record, had the exclusive listing to market the property on behalf of the seller, a regional institutional entity. The transaction received additional support from Chris Gomes of the Miller-Gomes Hotel Team.
The Hampton Inn Paragould was built in 2016 and sits on 1.72 acres at 3810 Linwood Drive. The 88-room hotel offers strong visibility from U.S. Highway 49 and Route 412 and features a. outdoor pool, fitness center, business center, meeting space and complimentary breakfast. It is near Arkansas State University, Black River Tech and Crowley’s Ridge College.
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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.
