REJournals | December 14, 2022
BLACK RIVER FALLS, WI, December 7, 2022 – 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 Comfort Inn and Suites Black River Falls I-94, a 75-room hospitality property located in Black River Falls, Wisconsin, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office and broker of record for Illinois.
Ebrahim Valliani, first vice president, and Michael Gantman, associate, investment specialists in Marcus & Millichap’s Chicago Oak Brook and Chicago Downtown offices, respectively, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, also a private investor, was secured and represented by Valliani and Gantman, with Todd Lindblom, regional manager of the firm’s Milwaukee office and broker of record for the state of Wisconsin, aiding in closing this transaction. Chris Gomes, senior 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.
Comfort Inn and Suites Black River Falls I-94 is located at N6295 Holiday Drive in Black River Falls, Wisconsin. The 75-room property was built in 1997 and spans 6.76 acres.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 535 hotels across the nation since its inception. The team has over 60 active listings across 21 states with 35 assets under contract and 80 closings this year. Of these, the Midwest Group, comprised of Ebrahim Valliani, Michael Klar, and Michael Gantman, have secured 25 closings this year and 106 in total.
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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
