Marcus & Millichap Closes $101 Million 11-Property Hospitality Portfolio Sale
Marcus & Millichap (NYSE:MMI) has announced the successful sale of an 11-property Courtyard Hotel portfolio across seven states for $101 million. The portfolio includes properties in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky, and Oklahoma. Ebrahim Valliani, first vice president investments, led the transaction, representing the seller Skyline Investments Inc. and procuring the buyers.
The sale was completed despite market uncertainty, with Marcus & Millichap connecting multiple buyers with their respective lenders to fulfill closing requirements. The firm's ability to secure non-refundable earnest money and minimal contingencies provided confidence to the sellers for a reliable transaction.
Marcus & Millichap, a leading commercial real estate brokerage firm, closed 7,546 transactions in 2023 with a sales volume of approximately $43.6 billion. As of December 31, 2023, the company had 1,783 investment sales and financing professionals across over 80 offices in the United States and Canada.
Marcus & Millichap (NYSE:MMI) ha annunciato la vendita con successo di un portafoglio di 11 hotel Courtyard in sette stati per 101 milioni di dollari. Il portafoglio comprende proprietà in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky e Oklahoma. Ebrahim Valliani, primo vicepresidente degli investimenti, ha guidato la transazione, rappresentando il venditore Skyline Investments Inc. e procurandone i compratori.
La vendita è stata completata nonostante l'incertezza del mercato, con Marcus & Millichap che ha collegato più compratori con i rispettivi istituti di credito per soddisfare i requisiti di chiusura. La capacità dell'azienda di garantire un deposito non rimborsabile e minime condizioni ha offerto fiducia ai venditori per una transazione affidabile.
Marcus & Millichap, una delle principali società di intermediazione immobiliare commerciale, ha chiuso 7.546 transazioni nel 2023 con un volume di vendite di circa 43,6 miliardi di dollari. Al 31 dicembre 2023, l'azienda contava 1.783 professionisti nelle vendite e nei finanziamenti di investimenti in oltre 80 uffici negli Stati Uniti e in Canada.
Marcus & Millichap (NYSE:MMI) ha anunciado la exitosa venta de una cartera de 11 hoteles Courtyard en siete estados por 101 millones de dólares. La cartera incluye propiedades en Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky y Oklahoma. Ebrahim Valliani, primer vicepresidente de inversiones, lideró la transacción, representando al vendedor Skyline Investments Inc. y facilitando a los compradores.
La venta se completó a pesar de la incertidumbre del mercado, con Marcus & Millichap conectando a múltiples compradores con sus respectivos prestamistas para cumplir con los requisitos de cierre. La capacidad de la firma para asegurar un depósito no reembolsable y contingencias mínimas proporcionó confianza a los vendedores para una transacción confiable.
Marcus & Millichap, una destacada empresa de corretaje inmobiliario comercial, cerró 7,546 transacciones en 2023 con un volumen de ventas de aproximadamente 43.6 mil millones de dólares. Al 31 de diciembre de 2023, la compañía contaba con 1,783 profesionales de ventas y financiamiento de inversiones en más de 80 oficinas en los Estados Unidos y Canadá.
마커스 & 밀리챕(MM: MMI)이 7개 주에 걸쳐 있는 11개 코트야드 호텔 포트폴리오의 성공적인 판매를 1억 1천만 달러에 발표했습니다. 이 포트폴리오는 일리노이, 오하이오, 알라바마, 아칸소, 버지니아, 켄터키, 오클라호마에 위치한 부동산을 포함합니다. 에브라힘 발리아니가 거래를 이끌며, 판매자 스카이라인 투자 회사를 대표하고 구매자를 유치했습니다.
시장 불확실성 속에서도 판매가 완료되었으며, 마커스 & 밀리챕은 여러 구매자와 각자의 대출기관을 연결하여 클로징 요건을 충족했습니다. 회사의 비환불 예치금 보장 능력과 최소한의 조건은 판매자들에게 신뢰할 수 있는 거래에 대한 확신을 주었습니다.
마커스 & 밀리챕은 2023년에 약 436억 달러의 판매량으로 7,546건의 거래를 종료한 선도적인 상업 부동산 중개업체입니다. 2023년 12월 31일 기준으로 이 회사는 미국과 캐나다의 80여 개 사무소에서 1,783명의 투자 판매 및 금융 전문가를 보유하고 있습니다.
Marcus & Millichap (NYSE:MMI) a annoncé la vente réussie d'un portefeuille de 11 propriétés d'hôtels Courtyard dans sept États pour 101 millions de dollars. Le portefeuille comprend des propriétés dans l'Illinois, l'Ohio, l'Alabama, l'Arkansas, la Virginie, le Kentucky et l'Oklahoma. Ebrahim Valliani, premier vice-président des investissements, a dirigé la transaction, représentant le vendeur Skyline Investments Inc. et trouvant les acheteurs.
La vente a été réalisée malgré l'incertitude du marché, avec Marcus & Millichap qui a mis en relation plusieurs acheteurs avec leurs prêteurs respectifs pour satisfaire aux exigences de clôture. La capacité de la société à sécuriser une somme d'argent de cœur non remboursable et des conditions minimales a rassuré les vendeurs sur la fiabilité de la transaction.
Marcus & Millichap, une société de courtage immobilier commercial de premier plan, a conclu 7 546 transactions en 2023 avec un volume de ventes d'environ 43,6 milliards de dollars. Au 31 décembre 2023, la société comptait 1 783 professionnels en ventes et en financements d'investissement dans plus de 80 bureaux aux États-Unis et au Canada.
Marcus & Millichap (NYSE:MMI) hat den erfolgreichen Verkauf eines 11-Objekte umfassenden Courtyard-Hotelportfolios in sieben Bundesstaaten für 101 Millionen Dollar bekannt gegeben. Das Portfolio umfasst Immobilien in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky und Oklahoma. Ebrahim Valliani, erster Vizepräsident für Investitionen, leitete die Transaktion, wobei er den Verkäufer Skyline Investments Inc. vertrat und die Käufer akquirierte.
Der Verkauf wurde trotz der Marktsituation abgeschlossen, wobei Marcus & Millichap mehrere Käufer mit ihren entsprechenden Kreditgebern verband, um die Abschlussanforderungen zu erfüllen. Die Fähigkeit des Unternehmens, eine nicht rückzahlbare Anzahlung und minimale Bedingungen zu sichern, gab den Verkäufern Vertrauen in eine zuverlässige Transaktion.
Marcus & Millichap, ein führendes Unternehmen im Bereich der gewerblichen Immobilienvermittlung, schloss im Jahr 2023 insgesamt 7.546 Transaktionen mit einem Verkaufsvolumen von etwa 43,6 Milliarden Dollar. Zum 31. Dezember 2023 beschäftigte das Unternehmen 1.783 Fachleute für Investitionsverkäufe und Finanzierungen in über 80 Büros in den USA und Kanada.
- Successfully closed a large $101 million hotel portfolio sale
- Demonstrated ability to execute complex transactions across multiple states
- Secured non-refundable earnest money and minimal contingencies, increasing transaction reliability
- Closed 7,546 transactions in 2023 with a total sales volume of $43.6 billion
- None.
Insights
The
For investors, this news is generally positive as it highlights MMI's continued ability to close substantial deals. In 2023, MMI closed 7,546 transactions with a total sales volume of approximately
However, it's important to note that while this transaction is substantial, it represents only about
This portfolio sale offers valuable insights into the current state of the hospitality real estate market. The transaction involving 11 Courtyard Hotels across seven states suggests there's still investor appetite for diversified hospitality assets, even amid market uncertainties. The
The successful sale of this portfolio, particularly with "minimal contingencies," indicates a level of confidence in the recovery and long-term prospects of the hospitality sector. It's noteworthy that these properties are spread across diverse markets, from major cities like Chicago to smaller markets like Rockford, Illinois and Holland, Ohio. This geographic diversity could be seen as a risk-mitigation strategy for the buyers, balancing exposure across different regional economies.
For the broader commercial real estate market, this transaction demonstrates that large, complex deals are still feasible despite challenges like rising interest rates and economic uncertainties. It may encourage other hotel owners to consider portfolio sales as a viable exit strategy, potentially leading to increased transaction activity in the hospitality sector.
“During this period of market uncertainty, we successfully connected multiple buyers with their respective lenders to fulfill the portfolio closing requirements for the seller, with minimal contingencies and securing non-refundable earnest money,” said Ebrahim Valliani, first vice president investments in Marcus & Millichap’s Chicago Oak Brook office. “We delivered the confidence that the sellers needed for a successful and reliable transaction.” Valliani 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.
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Marcus & Millichap’s brokers of record in
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout
View source version on businesswire.com: https://www.businesswire.com/news/home/20241021052875/en/
Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com
Source: Marcus & Millichap, Inc.
FAQ
What was the value of the 11-property Courtyard Hotel portfolio sale by Marcus & Millichap (MMI)?
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