TUSCON, Ariz., Feb. 20, 2025 – 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 149-room Courtyard Airport Tuscon hotel property in Tuscon, Arizona.
“This transaction highlights the continued investor demand for well-positioned hospitality assets in strong airport submarkets like Tucson,” said Ebrahim Valliani, senior vice president investments. “The property’s recent renovations and proximity to Tucson International Airport made it a particularly attractive opportunity for both the buyer and seller.”
Valliani, senior vice president, and Michael Klar, senior associate, both investment specialists in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and secured the buyer. Both entities are limited liability companies. The transaction received additional support from Allan Miller and Chris Gomes of the Miller-Gomes Hotel Team. Ryan Sarbinoff is the firm’s broker of record in Arizona.
The three-story Courtyard Airport Tucson is located on 3.99 acres at 25050 E. Executive Drive, just off Interstate 10 and less than a mile from Tucson International Airport. Built in 1988 and renovated in 2021, the hotel features amenities such as an outdoor pool, fitness center, business center, on-site bistro and meeting space.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading national 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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
