LAMAR, CO – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Best Western (top left photo), a 103-room hotel located in Lamar, Colorado, according to Bryn D. Merrey, Vice President/Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $865,000.
Jonathan S. Ruprai, a hospitality specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a financial institution. The buyer, a limited liability company was secured and represented by Ruprai.
Michael Hoffman (lower right photo), broker of record for Marcus & Millichap in Colorado, assisted in the transaction.
Built in 1975, the property is located at 1301 North Main Street. This 103-room interior/exterior corridor, full-service hotel is located in the heart of Lamar, Colorado. There are five offices located inside the hotel near the front entrance and currently, only one is rented.
Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa, (813) 387-4700
No comments:
Post a Comment