Press Releases
Marcus & Millichap Brokers Sale of Courtyard by Marriott in Albany, Georgia
January 28, 2026
ALBANY, Ga., Jan. 28, 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 an 84-room Courtyard by Marriott located in Albany, Georgia.
“The buyer, a New York-based investment firm, sought a high rate of return in a growing Southeast market to add to its portfolio of hospitality assets,” said McLean Hicklin, senior director investments. “This is a great example of capital migration moving down the Eastern Seaboard.”
McLean Hicklin and Robert Hunter, in association with John Leonard, Marcus & Millichap’s broker of record in Georgia, exclusively marketed the property on behalf of the seller, HVC Hospitality, and procured the buyer, Jacobs Real Estate Advisors LLC.
The three-story property was built in 2004 on a 2.44-acre parcel and is located just off U.S. Highway 82. The hotel recently underwent more than $3.25 million in renovations. Amenities include a business center, fitness center, meeting space, convenience store, an on-site restaurant and bar, and an outdoor pool. The hotel is near Southwest Georgia Regional Airport, Albany State University, and Marine Corps Logistics Base Albany, as well as Phoebe Putney Memorial Hospital and Albany Mall.
“The buyer, a New York-based investment firm, sought a high rate of return in a growing Southeast market to add to its portfolio of hospitality assets,” said McLean Hicklin, senior director investments. “This is a great example of capital migration moving down the Eastern Seaboard.”
McLean Hicklin and Robert Hunter, in association with John Leonard, Marcus & Millichap’s broker of record in Georgia, exclusively marketed the property on behalf of the seller, HVC Hospitality, and procured the buyer, Jacobs Real Estate Advisors LLC.
The three-story property was built in 2004 on a 2.44-acre parcel and is located just off U.S. Highway 82. The hotel recently underwent more than $3.25 million in renovations. Amenities include a business center, fitness center, meeting space, convenience store, an on-site restaurant and bar, and an outdoor pool. The hotel is near Southwest Georgia Regional Airport, Albany State University, and Marine Corps Logistics Base Albany, as well as Phoebe Putney Memorial Hospital and Albany Mall.
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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.
