Press Releases
Marcus & Millichap Arranges the Sale of the Greentree Pasadena Inn in Southern California
April 16, 2026
PASADENA, Calif., April 16, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the successful sale of the GreenTree Pasadena Inn, a hospitality property located at 400 South Arroyo Parkway in Pasadena, California. The asset was acquired by a private buyer for an undisclosed price.
Stanley Wang and Gordon Allred of the Allred Hotel Group at Marcus & Millichap held the exclusive listing to market the property on behalf of the seller, GreenTree Hospitality Group.
"This transaction highlights the incredible demand for well-located hospitality assets in Southern California. Pasadena is a premier, high-barrier-to-entry market with exceptionally strong real estate fundamentals," said Stanley Wang.
"We are proud to have partnered with GreenTree Hospitality Group to execute this seamless transaction, allowing them to capitalize on the property's value and transition into their next phase of growth," added Gordon Allred.
The GreenTree Pasadena Inn has long served as a convenient and comfortable destination for both leisure and business travelers, positioned just blocks from the Pasadena Convention Center, Old Pasadena, and the historic Rose Bowl.
"The disposition of the GreenTree Pasadena Inn represents a highly successful outcome for our portfolio and a strategic pivot point for our company," said Ashley Xu, Managing Director at GreenTree Hospitality Group. "Pasadena has been a fantastic market for us, but this transaction allows us to unlock significant value. We are excited to redeploy this capital directly into our core growth initiatives, expanding the GreenTree brand into new markets."
The transition of ownership is expected to be seamless for current staff and upcoming guest reservations.
Stanley Wang and Gordon Allred of the Allred Hotel Group at Marcus & Millichap held the exclusive listing to market the property on behalf of the seller, GreenTree Hospitality Group.
"This transaction highlights the incredible demand for well-located hospitality assets in Southern California. Pasadena is a premier, high-barrier-to-entry market with exceptionally strong real estate fundamentals," said Stanley Wang.
"We are proud to have partnered with GreenTree Hospitality Group to execute this seamless transaction, allowing them to capitalize on the property's value and transition into their next phase of growth," added Gordon Allred.
The GreenTree Pasadena Inn has long served as a convenient and comfortable destination for both leisure and business travelers, positioned just blocks from the Pasadena Convention Center, Old Pasadena, and the historic Rose Bowl.
"The disposition of the GreenTree Pasadena Inn represents a highly successful outcome for our portfolio and a strategic pivot point for our company," said Ashley Xu, Managing Director at GreenTree Hospitality Group. "Pasadena has been a fantastic market for us, but this transaction allows us to unlock significant value. We are excited to redeploy this capital directly into our core growth initiatives, expanding the GreenTree brand into new markets."
The transition of ownership is expected to be seamless for current staff and upcoming guest reservations.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
