Marcus & Millichap : Announces .9 Million Sale of New Port Richey Hotel
(MMI) Report Marcus & Millichap Announces $9.9 Million Sale of New Port Richey Hotel NEW PORT RICHEY, Fla., July 7, 2022 - Marcus & Millichap (NY...
(MMI) Report Marcus & Millichap Announces $9.9 Million Sale of New Port Richey Hotel NEW PORT RICHEY, Fla., July 7, 2022 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 150-unit Quality Inn & Suites located in New Port Richey, Florida. The asset sold for $9.9 million or $66,000 per room. "This Quality Inn & Suites was on the market for less than a week and sold for 99 percent of the asking price, reflecting the strength of this asset," says Jack Davis, first vice president investments.