Press Releases
Marcus & Millichap Brokers Sale of Charlotte Hotel Property
February 12, 2026
CHARLOTTE, N.C., Feb. 12, 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 Sonesta ES Suites Charlotte Arrowood, an extended-stay hotel in Charlotte, North Carolina.
“This transaction was particularly meaningful, as it involved working with a non-profit organization, who will reposition the property to provide affordable housing for veterans and their families,” said Chase Dewese, senior director investments. “This also demonstrates our teams overall reach and creativity in working with non-traditional hotel ownership structures.”
Dewese and Marcus & Millichap’s Jack Davis and Joce Messinger, represented the private seller.
The property is at 7925 Forest Pine Drive and sits on a 3.39-acre site just off Interstate 77, less than 10 minutes from Carowinds amusement park, a year-round regional attraction. The hotel features suite-style accommodations with fully equipped kitchens. Amenities include a fitness center, business center, convenience store and complimentary breakfast.
“This transaction was particularly meaningful, as it involved working with a non-profit organization, who will reposition the property to provide affordable housing for veterans and their families,” said Chase Dewese, senior director investments. “This also demonstrates our teams overall reach and creativity in working with non-traditional hotel ownership structures.”
Dewese and Marcus & Millichap’s Jack Davis and Joce Messinger, represented the private seller.
The property is at 7925 Forest Pine Drive and sits on a 3.39-acre site just off Interstate 77, less than 10 minutes from Carowinds amusement park, a year-round regional attraction. The hotel features suite-style accommodations with fully equipped kitchens. Amenities include a fitness center, business center, convenience store and complimentary breakfast.
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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.
