Press Releases
Marcus & Millichap Brokers Sale of 70-Room Welcome Suites Extended Stay Hotel in Springdale, Ohio
November 24, 2025
SPRINGDALE, Ohio, Nov. 24, 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 70-room Welcome Suites Extended Stay hotel property in Springdale, Ohio.
This deal was truly a collaborative effort,” said Michael Klar, director investments. “Both the buyer and seller demonstrated professionalism and flexibility throughout the process. Even with a few delays, their cooperation allowed us to navigate the challenges and successfully close the transaction.
Klar and Ebrahim Valliani, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Michael Glass, Marcus & Millichap’s Ohio broker of record, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors. The transaction received additional support from Chris Gomes and Allan Miller of the Miller-Gomes Hotel Team.
The three-story Welcome Suites Extended Stay Springdale is situated on 1.82 acres at 11645 Chesterdale Road. Built in 1988, the hotel features kitchenettes in each suite, along with on-site guest laundry and vending amenities. The property offers direct access to Interstate 275 and is surrounded by demand generators, including major employers, medical centers, universities and regional attractions.
This deal was truly a collaborative effort,” said Michael Klar, director investments. “Both the buyer and seller demonstrated professionalism and flexibility throughout the process. Even with a few delays, their cooperation allowed us to navigate the challenges and successfully close the transaction.
Klar and Ebrahim Valliani, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Michael Glass, Marcus & Millichap’s Ohio broker of record, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors. The transaction received additional support from Chris Gomes and Allan Miller of the Miller-Gomes Hotel Team.
The three-story Welcome Suites Extended Stay Springdale is situated on 1.82 acres at 11645 Chesterdale Road. Built in 1988, the hotel features kitchenettes in each suite, along with on-site guest laundry and vending amenities. The property offers direct access to Interstate 275 and is surrounded by demand generators, including major employers, medical centers, universities and regional attractions.
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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.
