
HAMMOND, IN, 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 Fairfield Inn & Suites Southeast | Chicago, a 94-room hospitality property located in Hammond, Indiana, according to Steven 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. Josh Caruana, the firm’s broker of record of Indiana, assisted in closing this transaction.
Fairfield Inn & Suites Southeast | Chicago is located at 7720 Corinne Dr., Hammond, IN. The 94-room, four-story hotel is situated off Interstate 94 and Interstate 80 and maintains various common area amenities, including an indoor breakfast area, fitness center, meeting space, laundry facility, dry cleaning service and convenience store. The property will undergo a full renovation to Marriott brand standards for a Fairfield Inn and Suites in the coming year.
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.