Sunday, October 17, 2010

Marcus & Millichap Sells 196-Room Hotel in Birmingham, AL for $3.7 Million

 BIRMINGHAM, AL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Clarion Hotel (top left photo), a 196-room hotel located in Birmingham, Ala., according to Bryn D. Merrey, regional manager of the firm’s Tampa office.

The asset commanded a sales price of $3.7 million.

Jonathan S. Ruprai, a hospitality investment specialist in Marcus & Millichap’s Tampa office, and Edwin Greenhalgh, an investment specialist in the firm’s Birmingham office, had the exclusive listing to market the property on behalf of the seller, a limited liability company based in Alabama.

The buyer, a limited liability company, was secured and represented by Ruprai. Greenhalgh, an associate in the Birmingham office, also represented the buyer in this transaction.

The Clarion Hotel was built in 1975 and is located at 5216 Messer Airport Highway.  This is a four-story, full-service interior corridor hotel located at the Birmingham International Airport (bottomright photo).

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

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