Sunday, May 18, 2008

Marcus & Millichap Sells Fairfield Inn & Suites for $7.5M

TAMPA, FL--The sale of Fairfield Inn & Suites was announced by Steven M. Ekovich, First Vice President and Regional Manager for the Tampa, Florida office of Marcus & Millichap Real Estate Investment Services.

The Fairfield Inn & Suites is an 83 unit interior corridor hotel, located at 12260 Morris Bridge Road in Temple Terrace, Florida.

The property sold for $7,500,000 to 3H Group, Inc. based out of Chattanooga, Tennessee. The seller, Baywood Hotels of Maryland, purchased the property in August of 2006.


Jaimin Patel, Senior Associate and Niven Patel, Associate of Marcus & Millichap’s Tampa office represented the sellers and Jaimin Patel and Jeffrey Solenberger represented the buyer in this transaction.

CONTACTS:
Sue Sampson, Brokerage Administrator/CAST, Marcus & Millichap, 7650 Courtney Campbell Causeway, Suite 920, Tampa, FL. 33607. Phone: (813) 387-4700. Fax: (813) 387-4710


Steven M. Ekovich, Marcus & Millichap, (813) 387-4700

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