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| Quality Inn Ocala, Ocala, FL |
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| 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).
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| 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.”
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| 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
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| 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 |
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