Marcus & Millichap closed the sale of an 11-property Courtyard Hotel portfolio in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky and Oklahoma. The portfolio sold for $101 million.
Ebrahim Valliani, first vice president of investments in Marcus & Millichap’s Chicago Oak Brook office, represented the seller, Skyline Investments Inc., and procured the buyers with support from Chris Gomes, Allan Miller, and Michael Klar of the Miller-Gomes Hotel Team of Marcus & Millichap.
In Illinois, the properties are Courtyard Chicago Arlington Heights South, Courtyard Chicago Deerfield, and Courtyard Rockford. The two hotels in Ohio are Courtyard Toledo Airport Holland and Courtyard Dayton South. The two in Alabama are Courtyard Birmingham Hoover and Courtyard Huntsville University Drive. Courtyard Manassas Battlefield Park in Virginia, Courtyard by Marriott Lexington North in Kentucky, Courtyard Little Rock West in Arkansas, and Courtyard Oklahoma City Airport complete the portfolio.
Marcus & Millichap’s brokers of record in Illinois, Ohio, Arkansas, Virginia, Alabama, Kentucky, and Oklahoma are Steven Weinstock, Michael Glass, Steve Greer, Brian Hosey, Eddie Greenhalgh, Grant Fitzgerald, and Tim Speck, respectively.
