Marcus & Millichap : Arranges the Sale of a 157-Room Hospitality Property
January 19, 2022 at 10:45 pm IST
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AURORA, CO, January 18, 2022 - 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 Hilton Garden Inn Denver Airport, a 84,934 square foot hospitality property located in Aurora, Colorado according to Adam P. Christofferson, Divisional Manager of the firm's Southern California offices. The asset sold for $27,500,000.
Gordon Allred and Joshua S. Tammen, investment specialists in Marcus & Millichap's Inland Empire and Phoenix offices, exclusively represented the seller, procured the buyer, and assisted in closing this transaction.
Hilton Garden Inn Denver Airport is located at 16475 E 40th Cir, Aurora, CO. The property is comprised of 157 guest rooms. The seller completed a renovation of the guestrooms in 2021 and the buyer intends to renovate the lobby and public areas in early 2022.
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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 8,954 transactions in 2020 with a value of approximately $43 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.
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Marcus & Millichap Inc. published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 17:14:05 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.