Saturday, August 2, 2008

Marcus and Millichap Sells a 263 Room Hotel/Motel Property

ALTAMONTE SPRINGS, FL- – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Holiday Inn Altamonte Springs,(top right photo) a 263 room Hotel/Motel property located in Altamonte Springs, FL, according to Steven M. Ekovich, First Vice President/Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $9,500,000. Jaimin Patel, Senior Associate and Niven Patel, Associate had the exclusive listing to market the property on behalf of the seller, Citi Hospitality, LLC.

The buyer, Jade Hospitality, LLC, was secured and represented by Jaimin Patel, Senior Associate and investment specialist in Marcus & Millichap’s Tampa office.

Holiday Inn Altamonte Springs is located at 230 West Highway 436, Altamonte Springs, FL. This property will be converted to a Clarion Hotel.

Press Contact:

Steven M. Ekovich, First Vice President/Regional Manager, Tampa(, 813) 387-4700

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