CLARKSVILLE, TN, Nov.10, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the former Quality Inn (top left photo), a 130-room hotel located in Clarksville, Tenn., according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $450,000.
Jaimin P. Patel (lower right photo) a senior associate, and Jonathan S. Ruprai, investment specialist, both in the firm’s Tampa office, and Anne Williams, an investment specialist in the Memphis office, represented the seller, a financial institution based out of Utah.
The buyer, a private investor in Tennessee, was secured and represented by Ruprai.
The former Quality Inn was built in 1960 and renovated in 1989. The property is located at 803 North 2nd Street and is within walking distance to the heart of downtown Clarksville.
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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