Press Releases
Marcus & Millichap Arranges Sale and Financing of 66-Room Super 8 Near Yellowstone National Park
February 02, 2026
GARDINER, Mont., Feb. 2, 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 a 66-room Super 8 hotel property located in Gardiner, Montana. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured the financing.
“The seller was a repeat client and a pleasure to work with throughout the transaction,” said Huberth Marak, director investments. “Gardiner is a uniquely resilient market. While other parts of Montana have experienced a slowdown, Yellowstone National Park continues to see strong visitor growth. The buyer, who owns hotels in similar areas, understood the market dynamics and long-term potential of this property.”
Marak, Skyler Cooper, Chris Gomes and Allan Miller, investment specialists in Marcus & Millichap’s Denver, Dallas and Austin offices, in association with Adam Christofferson, Marcus & Millichap’s Montana broker of record, had the exclusive listing to market the property on behalf of the seller, Eric Sheckleton. Jay Arora from the firm’s Phoenix office procured the buyer, Raj Patel.
“This strategic acquisition strengthens the buyer’s geographic footprint and reinforces its commitment to serving customers in the mountain states,” said Arora, associate director investments.
Mattheu Raiola, associate director in the firm's Phoenix office, secured $9,120,000 in financing for the acquisition. The loan features a 10-year term with a 5.9% interest rate, a 25-year amortization period and an 80% loan-to-value.
The Super 8 is situated on 1.37 acres at 702 Scott St. W, benefiting from its prime location at Yellowstone National Park’s only year-round entrance. Built in 1987, the property includes eight staff apartments and a retail space currently leased to a coffee shop.
“The seller was a repeat client and a pleasure to work with throughout the transaction,” said Huberth Marak, director investments. “Gardiner is a uniquely resilient market. While other parts of Montana have experienced a slowdown, Yellowstone National Park continues to see strong visitor growth. The buyer, who owns hotels in similar areas, understood the market dynamics and long-term potential of this property.”
Marak, Skyler Cooper, Chris Gomes and Allan Miller, investment specialists in Marcus & Millichap’s Denver, Dallas and Austin offices, in association with Adam Christofferson, Marcus & Millichap’s Montana broker of record, had the exclusive listing to market the property on behalf of the seller, Eric Sheckleton. Jay Arora from the firm’s Phoenix office procured the buyer, Raj Patel.
“This strategic acquisition strengthens the buyer’s geographic footprint and reinforces its commitment to serving customers in the mountain states,” said Arora, associate director investments.
Mattheu Raiola, associate director in the firm's Phoenix office, secured $9,120,000 in financing for the acquisition. The loan features a 10-year term with a 5.9% interest rate, a 25-year amortization period and an 80% loan-to-value.
The Super 8 is situated on 1.37 acres at 702 Scott St. W, benefiting from its prime location at Yellowstone National Park’s only year-round entrance. Built in 1987, the property includes eight staff apartments and a retail space currently leased to a coffee shop.
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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.
