LANSING, MI, February 20, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Quality Suites Lansing, a 115-room hospitality property located in Lansing, Michigan, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office.
Ebrahim Valliani, First Vice President, and Michael Klar, Senior Associate, both investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Valliani and Klar. Chris Gomes, Executive Managing Director, and Allan Miller, Senior Vice President, in Marcus & Millichap’s Dallas and Austin offices, respectively, were also listed on the deal as supporting brokers. Steven Chaben, broker of record of Michigan, assisted in closing this transaction.
Quality Suites Lansing is located at 901 Delta Commerce Drive in Lansing, Michigan. The hotel features common areas such as a fitness center, business center, conference room, event space, and sauna.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 600 hotels across the nation since its inception. The team has 59 active listings across 20 states, 13 hotels under contract, and closed 83 transactions in 2023.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
