ABILENE, TX, January 30, 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 The Inn and Suites at 34 Fifty, a 126-room hospitality property located in Abilene, Texas, according to Bruce E. Bentley III, regional manager of the firm’s Austin office. Steve Swenholt, First Vice President Investments, in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a private investor.
The Inn and Suites at 34 Fifty is located at 3450 S Clack Street in Abilene, Texas. The interior-corridor, two-story, hotel currently operates with 126 rooms, with additional units available currently under alternative use. With several amenities for guests, the independent hotel was finely maintained with an outdoor swimming pool, covered patio and barbeque grill, business center, gift shop, game areas, and meeting space.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 600 hotels across the nation since its inception. The team has 50 active listings across 22 states, 18 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.
