Hospitality

Marcus & Millichap brokers sale of 78-room hotel property in Elgin

Marcus & Millichap negotiated the sale of a 78-room Comfort Suites hotel property in Elgin, Illinois. Ebrahim Valliani, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had…

Marcus & Millichap closes sale of 67-room hotel in La Crosse

Marcus & Millichap brokered the sale of The Charmont Hotel, a 67-room hotel property in La Crosse, Wisconsin. Ebrahim Valliani, Michael Klar and Dan Danielak, investment…

Marcus & Millichap closes sale of former hotel, athletic complex in Palatine

Marcus & Millichap closed the sale of 1500 E. Dundee Road, a former hotel and athletic complex in Palatine, Illinois. Ebrahim Valliani, investment specialist in Marcus…

Marcus & Millichap brokers sale of 60-room hotel in South Dakota

Marcus & Millichap closed the sale of a 60-room Super 8 hotel property in Spearfish, South Dakota, for $2.4 million. Jon Ruzicka, Joseph Ferguson and Reed…

Newmark provides $51 million loan to refinance Virgin Hotels Nashville

Newmark arranged a $51 million loan on behalf of the Virgin Group to refinance Virgin Hotels Nashville, a lifestyle hotel located in Nashville, Tennessee. Newmark’s…

Red Oak Capital Holdings provides $10 million for acquisition of hotel in Chicago O’Hare market

Red Oak Capital Holdings, LLC provided $10 million for the acquisition and refurbishment of Four Points by Sheraton – O’Hare in Chicago. Structured under Red…

Bradford Allen acquires 193-key hotel in Nashville’s Midtown neighborhood

Bradford Allen acquired TownePlace Suites Nashville Midtown, a 193-key hotel in Nashville’s Midtown neighborhood. Located at 1500 Charlotte Ave., close to Vanderbilt University, Fisk University, Bridgestone Arena…

Marcus & Millichap close sale of 113-room Holiday Inn Express in St. Cloud

Marcus & Millichap brokered the sale of a 113-room Holiday Inn Express property in St. Cloud, Minnesota. Jon Ruzicka, Joseph Ferguson and Reed Gizinski, investment…

Draper and Kramer originates $54 million loan for acquisition of Westin Michigan Avenue in Chicago

Draper and Kramer, Incorporated announced that Mark Perkowski, senior vice president with Draper and Kramer’s Commercial Finance Group, arranged a $54 million loan on behalf of Vinayaka Hospitality for…

Marcus & Millichap brokers sale of 70-room hotel in Springdale

Marcus & Millichap closed the sale of a 70-room Welcome Suites Extended Stay hotel property in Springdale, Ohio. Michael Klar and Ebrahim Valliani, investment specialists…

Hospitality

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