152-Room Quality Inn Ocala Trades for $5.5 Million in Ocala, FL

Quality Inn Ocala, Ocala, FL

Gabriel Shamay

OCALA, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Quality Inn Ocala, a 152-room hospitality property located in Ocala, FL, according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office.

 The asset sold for $5,500,000.

            “There is a significant demand for midscale and upper-midscale hotels throughout Florida," states Gabriel Shamay, Associate Director of Marcus & Millichap’s National Hospitality Group.

"Our national marketing campaign highlighted the hotel’s highly-recognizable brand and location and helped us successfully generate multiple offers in a short amount of time (from both local investors and out-of-area investors).

David M. Greenberg

"The buyer understood he was in a competitive environment and ultimately seized the opportunity to acquire the Quality Inn by moving quickly and offering an attractive price with strong terms, which positioned him to be the winning bidder.”

“Buyer demand for hotels throughout Florida continues to be at an all-time high,´ states David M. Greenberg, Senior Managing Director of Investments and Executive Director, National Hospitality Group. 

"For this very well-located, 152-room Quality Inn in Ocala, we generated multiple offers from investors throughout the United States.  Ocala is a growth market, in terms of both population, business commerce and leisure travel.” 

Robert S. Hunter

Quality Inn Ocala is located at 3434 SW College Road in Ocala. The Property is a three-story limited-service hotel, well-positioned near Interstate 75, the main route through Ocala, providing accessibility for commuters traveling both northbound and southbound.

Greenberg, Shamay, Robert S. Hunter, first vice president of investments, and David J. Altman, senior associate, all located in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor, and secured the buyer, a limited liability company.

To learn more, please visit: www.MarcusMillichap.com

David J. Altman

CONTACT:

Stephanie Carten

Marketing Coordinator

Marcus & Millichap 5900 North Andrews Avenue Suite 100 Fort Lauderdale, FL 33309

(954) 245-3477 direct (954) 245-3400 main (954) 245-3410 fax stephanie.carten@marcusmillichap.com