Marcus & Millichap negotiated the sale of a 50-room hotel and restaurant property in Sturtevant, Wisconsin.
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, Senior Managing Director, and Allan Miller, Senior Vice President, in Marcus & Millichap Dallas and Austin offices, respectively, were also listed on the deal as supporting brokers. Regional Manager, Todd Lindblom, Broker of Record of Wisconsin, assisted in closing this transaction.
The property is located at 910 S. Sylvania Ave. in Sturtevant. The hotel will be converted to a Super 8 by Wyndham.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 550 hotels across the nation since its inception. The team has over 70 active listings across 18 states with 24 assets under contract and 102 closings in 2022. Of these, the Midwest Group, comprised of Ebrahim Valliani, Michael Klar, and Michael Gantman, completed 28 closings in 2022.
