CLEARWATER, FL, July 1, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of SureStay Plus Hotel by Best Western Clearwater Central, a 178-room hospitality property located inClearwater, FL, according to Scott Lunine, regional manager of the firm’s Miami office. The asset sold for $10,500,000.
Ahmed Kabani, an investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor.
SureStay Plus Hotel by Best Western Clearwater Central is located at 21030 US Hwy 19 N in Clearwater, FL. “The courtyard-style hotel sits on 4.79 acres of land and was originally built as a Hampton Inn. The premier location of this asset, close to the world class beaches of Clearwater, attracted the buyers to acquire the hotel. The buyer, who was represented by a local broker, has creative plans for this hotel” says Kabani
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit:www.MarcusMillichap.com.