Sunday, March 20, 2011

Marcus & Millichap Sells 51-Room Hotel in Norcross, GA for $1.36 Million

NORCROSS, GA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Country Inn & Suites (top left photo), a 51-room hotel located in Norcross, Ga, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $1,365,000.

Jonathan S. Ruprai, a hospitality specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a financial institution.  

 John Leonard (bottom right photo)  broker, in the firm’s Atlanta office, assisted in closing this transaction.

The Country Inn & Suites is located at 5970 Jimmy Carter Boulevard.  This 51-room interior-corridor hotel was built in 1999 and upgraded in 2007. 

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

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