Saturday, August 22, 2015

Marcus & Millichap Brokers Sale of 80-Room Fairfield Inn & Suites by Marriott in Ocoee, FL


Fairfield Inn & Suites by Marriott, Ocoee, FL


Jonathan Ruprai
OCOEE, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of an 80-room Fairfield Inn & Suites by Marriott  in Ocoee, Fla. The terms of the sale were not released.

Jonathan S. Ruprai, senior director of the firm’s National Hospitality Group, and Dennis Hopper, associate, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller. The buyer was sourced by Ruprai and Hopper.

“After completing a thorough renovation in 2013, the seller converted the hotel from a Courtyard to a Fairfield Inn & Suites,” says Hopper. “The repositioning allowed the hotel to increase its occupancy, which resulted in a significant increase in revenue.”

“The buyer plans on further growing the recent uptick in RevPAR by plugging in their management team and implementing a strategic business plan,” adds Ruprai. 


Dennis Hopper
“This acquisition was our first transaction with the buyer and we were extremely pleased with their ability to work diligently and move quickly, which ultimately led to a smooth closing.”

With an industry-leading hospitality team in more than 40 markets nationally, this marks the 107th hotel sold by Marcus & Millichap’s National Hospitality Group in 2015.


For a complete copy of the company’s news release, please contact:

Gina Relva
Public Relations Manager
(925) 953-1716


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