The sale involved an 11-property Courtyard Hotel portfolio situated across multiple states including Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky, and Oklahoma. The transaction was valued at $101,000,000.
Summary of transaction details:
Property Type: Hotel
Transaction Amount: $101,000,000
Seller: Skyline Investments Inc
Brokers: Allan Miller, Christopher Gomes, Ebrahim Valliani & Michael Klar - Marcus & Millichap
Market: Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky & Oklahoma
Marcus & Millichap announced the successful facilitation of this transaction by Ebrahim Valliani and the Miller-Gomes Hotel Team, who connected various buyers with lenders, enabling the seller to meet closing requirements despite prevailing market uncertainties.
https://traded.co/deals/illinois/hotel/sale/100-west-algonquin-road/
