May 3, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Holiday Inn Express, an 88-room interior corridor, limited service hotel located in Fairhope, Alabama, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.
The undisclosed buyer and seller were represented by Jonathan S. Ruprai, a senior associate in Marcus & Millichap’s Tampa office and Edwin Greenhalgh, Alabama broker in the firm’s Birmingham office. Matt Fitzgerald, broker, assisted in closing this transaction.
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.