Press Releases
Marcus & Millichap Brokers $5.8M Sale of Holiday Inn Express & Suites in Central Alabama
June 24, 2026
SYLACAUGA, Ala., June 24, 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 Holiday Inn Express & Suites in Sylacauga, Alabama. The asset sold for $5.8 million.
“This is our second successful transaction with our client,” said Terrence Jefferson, associate director investments in Marcus & Millichap’s Atlanta office. “We sourced a first-time buyer from out-of-state and closed the transaction without any delays.”
Jefferson, Jack Davis and Joce Messinger of Marcus & Millichap, in association with Eddie Greenhalgh, the firm’s broker of record in Alabama, exclusively marketed the property on behalf of the seller and procured the private buyer.
The property is located at 40743 U.S. Route-280 and sits on 1.93 acres. It was built in 2006 and has plans for future renovations as outlined in a property improvement plan. The three-story hotel has 60 guest rooms, including standard rooms and suites. The property includes on-site parking, an indoor pool, a fitness center and an event space.
The property is directly off US-280 near Coosa Valley Medical Center, Talladega Superspeedway and Lake Howard. Major employers in the area include Blue Bell Creameries and Nemak USA.
“This is our second successful transaction with our client,” said Terrence Jefferson, associate director investments in Marcus & Millichap’s Atlanta office. “We sourced a first-time buyer from out-of-state and closed the transaction without any delays.”
Jefferson, Jack Davis and Joce Messinger of Marcus & Millichap, in association with Eddie Greenhalgh, the firm’s broker of record in Alabama, exclusively marketed the property on behalf of the seller and procured the private buyer.
The property is located at 40743 U.S. Route-280 and sits on 1.93 acres. It was built in 2006 and has plans for future renovations as outlined in a property improvement plan. The three-story hotel has 60 guest rooms, including standard rooms and suites. The property includes on-site parking, an indoor pool, a fitness center and an event space.
The property is directly off US-280 near Coosa Valley Medical Center, Talladega Superspeedway and Lake Howard. Major employers in the area include Blue Bell Creameries and Nemak USA.
# # #
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.
