Marcus & Millichap closed the sale of Howard Johnson Burlington, a 96-room hospitality property in Burlington, Iowa. The asset sold for $1.65 million.
Ebrahim Valliani, vice president of investments; Allan Miller, senior vice president investments; and Chris Gomes, senior managing director investments in Marcus & Millichap’s Chicago Oak Brook, Austin and Dallas offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
John Ruzicka assisted in closing this transaction as broker of record in Iowa.
Howard Johnson Burlington is located at 2759 Mt. Pleasant St. in Burlington, near the Catfish Bend Casino and Burlington Regional Airport.