Wednesday, May 4, 2011

Marcus & Millichap Sells 59-Room Hotel in Ft. Pierce, FL for $850,000

FT. PIERCE, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the former Days Inn (top left photo), a 59-room exterior corridor hotel located in Ft. Pierce, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $850,000.

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.  The buyer, a limited liability company, was secured and represented by Ruprai.

The former Days Inn was built in 1986 and is located at 6651 Okeechobee Road, directly off Interstate 95.

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

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