Press Releases
Marcus & Millichap Arranges Sale of 137-Room Homewood Suites Hotel in Carmel, Indiana
December 01, 2025
CARMEL, Ind., Dec. 1, 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 137-room Homewood Suites hotel property in Carmel, Indiana.
“The level of understanding between the buyer, the seller and the brand was the reason we were able to achieve a successful outcome on this transaction,” said Michael Klar, director investments. “Constant communication and strong rapport from both sides were absolutely crucial in moving this deal forward. It was the consistent collaboration, transparency and willingness to work together that ultimately allowed us to bring this transaction across the finish line.”
Klar and Ebrahim Valliani, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Josh Caruana, Marcus & Millichap’s Indiana broker of record, had the exclusive listing to market the property on behalf of the seller and procured the buyer, Schahet Hotels, LLC. The transaction received additional support from Chris Gomes and Allan Miller of the Miller-Gomes Hotel Team.
“Working with Michael and his team was a real pleasure,” said Greg Schahet, president of Schahet Hotels, LLC. “They were informative, attentive and responsive, and instrumental in completing the transaction. We’re glad Michael was involved and helped us achieve our goals, and we highly recommend him and his team.”
Homewood Suites by Hilton Indianapolis Carmel is an upscale, extended-stay hotel located at 11355 North Meridian St., just off U.S. Highway 31 and minutes from IU Health North Hospital. The property features indoor and outdoor pools, a business center, fitness facilities and meeting space. Situated in the Indianapolis-Carmel-Anderson metro, the hotel benefits from strong corporate, healthcare and university demand drivers, along with proximity to Indianapolis International Airport.
“The level of understanding between the buyer, the seller and the brand was the reason we were able to achieve a successful outcome on this transaction,” said Michael Klar, director investments. “Constant communication and strong rapport from both sides were absolutely crucial in moving this deal forward. It was the consistent collaboration, transparency and willingness to work together that ultimately allowed us to bring this transaction across the finish line.”
Klar and Ebrahim Valliani, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Josh Caruana, Marcus & Millichap’s Indiana broker of record, had the exclusive listing to market the property on behalf of the seller and procured the buyer, Schahet Hotels, LLC. The transaction received additional support from Chris Gomes and Allan Miller of the Miller-Gomes Hotel Team.
“Working with Michael and his team was a real pleasure,” said Greg Schahet, president of Schahet Hotels, LLC. “They were informative, attentive and responsive, and instrumental in completing the transaction. We’re glad Michael was involved and helped us achieve our goals, and we highly recommend him and his team.”
Homewood Suites by Hilton Indianapolis Carmel is an upscale, extended-stay hotel located at 11355 North Meridian St., just off U.S. Highway 31 and minutes from IU Health North Hospital. The property features indoor and outdoor pools, a business center, fitness facilities and meeting space. Situated in the Indianapolis-Carmel-Anderson metro, the hotel benefits from strong corporate, healthcare and university demand drivers, along with proximity to Indianapolis International Airport.
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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.
