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

Jamie B. May Named One of Marcus & Millichap’s Top Investment Specialists Nationwide

 ENCINO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced its top investment specialists for 2010. Jamie B. May (top right photo), a senior director in Tampa, ranked No. 6 out of more than 1,200 investment specialists nationwide

“We are proud to recognize Jamie as one of our top investment specialists nationwide,” says John J. Kerin (lower left photo), president and chief executive officer of Marcus & Millichap. “Jamie’s accomplishments in the multifamily sector reflect his superior transaction expertise and unwavering commitment to client service.”

May is a senior director of the firm’s newly formed boutique brokerage platform, Institutional Property Advisors (IPA), which serves the needs of institutional and major private investors. He provides investment advisory and brokerage services exclusively within the multifamily sector. Focused primarily on Florida and the Southeastern United States, he and his team have closed an aggregate value exceeding $5 billion.

May has received eight internal sales awards from the company, including one of the firm’s top honors, the Chairman’s Club award, in 2010. Prior to joining the firm, May was founder, chairman and CEO of JBM Realty Advisors Inc. His experience draws upon three generations of May family apartment brokerage and development business dating back to 1939.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716