Press Releases
Marcus & Millichap Brokers Sale of Sarasota Comfort Suites Near Siesta Key Beach
January 20, 2026
SARASOTA, Fla., Jan. 20, 2026 – 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 the 97-room Comfort Suites Sarasota Siesta Key, located at 5690 Honore Ave. in Sarasota, Florida.
“Given the strength of the Sarasota market, the quality of the property and the hotel’s historical operating performance, this sale generated more competitive activity than we’ve seen in years,” said Robert Hunter, Senior Managing Director Investments in Marcus & Millichap’s Fort Lauderdale office. “There were multiple aggressive bids to acquire the hotel above target pricing, despite turbulent year-over-year regional revenue trends following the impact of Hurricanes Helen and Milton among other challenging factors. We view the sale as an encouraging data point for Florida’s hotel investment market.”
Hunter and Leo Reilly exclusively marketed the property on behalf of the seller, the original developer, and procured the buyer, an established owner-operator with a strong presence in Florida.
The three-story property was built in 2013 and sits on approximately 3.72 acres. Located minutes from Siesta Key Beach, the all-suites property offers amenities including complimentary breakfast, a business center, a fitness center, an outdoor heated pool and meeting space.
“Given the strength of the Sarasota market, the quality of the property and the hotel’s historical operating performance, this sale generated more competitive activity than we’ve seen in years,” said Robert Hunter, Senior Managing Director Investments in Marcus & Millichap’s Fort Lauderdale office. “There were multiple aggressive bids to acquire the hotel above target pricing, despite turbulent year-over-year regional revenue trends following the impact of Hurricanes Helen and Milton among other challenging factors. We view the sale as an encouraging data point for Florida’s hotel investment market.”
Hunter and Leo Reilly exclusively marketed the property on behalf of the seller, the original developer, and procured the buyer, an established owner-operator with a strong presence in Florida.
The three-story property was built in 2013 and sits on approximately 3.72 acres. Located minutes from Siesta Key Beach, the all-suites property offers amenities including complimentary breakfast, a business center, a fitness center, an outdoor heated pool and meeting space.
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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.
