Marcus & Millichap Inc.
01/07/2025 | Press release | Distributed by Public on 01/07/2025 16:47
Marcus & Millichap Brokers Sale of 66-Room Hospitality Property in Wisconsin
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Marcus & Millichap Brokers Sale of 66-Room Hospitality Property in Wisconsin
January 07, 2025
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LITTLE CHUTE, Wis., Jan. 7, 2024 - 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 Country Inn & Suites by Radisson, Appleton North, a 66-room hospitality property located in Little Chute, Wisconsin.
Ebrahim Valliani, senior vice president, and Michael Klar, senior associate, both investment specialists in Marcus & Millichap's Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and secured the buyer. Both entities are limited liability companies. The transaction received additional support from Allan Miller and Chris Gomes of the Miller-Gomes Hotel Team. Todd Lindblom is Marcus & Millichap's broker of record in Wisconsin.
The Country Inn & Suites by Radisson, Appleton North, is situated on 2.76 acres at 130 Patriot Drive, just off Interstate 41, which sees approximately 55,000 cars daily. The hotel features 66 rooms and a wide range of amenities, including an indoor pool, whirlpool, waterslide, waterpark, fitness center, business center, on-site guest laundry, recreational vehicle parking, and 400 square feet of meeting space.
The property will continue to operate as a Country Inn & Suites and is set to undergo a refresh and renovation to meet the brand's latest standards.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 600 hotels across the nation since its inception. The team has 63 active listings across 20 states, 19 hotels under contract and closed 83 transactions in 2023.
Ebrahim Valliani, senior vice president, and Michael Klar, senior associate, both investment specialists in Marcus & Millichap's Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and secured the buyer. Both entities are limited liability companies. The transaction received additional support from Allan Miller and Chris Gomes of the Miller-Gomes Hotel Team. Todd Lindblom is Marcus & Millichap's broker of record in Wisconsin.
The Country Inn & Suites by Radisson, Appleton North, is situated on 2.76 acres at 130 Patriot Drive, just off Interstate 41, which sees approximately 55,000 cars daily. The hotel features 66 rooms and a wide range of amenities, including an indoor pool, whirlpool, waterslide, waterpark, fitness center, business center, on-site guest laundry, recreational vehicle parking, and 400 square feet of meeting space.
The property will continue to operate as a Country Inn & Suites and is set to undergo a refresh and renovation to meet the brand's latest standards.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 600 hotels across the nation since its inception. The team has 63 active listings across 20 states, 19 hotels under contract and closed 83 transactions in 2023.
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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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.