ORLANDO, Fla., January 16, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Baymont Inn & Suites, a 162-room two-story, interior corridor hotel located in Orlando, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $4,150,000.
Jonathan S. Ruprai, senior associate, and a director of the firm’s national hospitality group and Dennis Hopper, associate, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
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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.