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 Holiday Inn Express in Gaffney, South Carolina, located directly off Interstate 85.
“This property was marketed for sale during the construction process and was sold after the hotel received its Certificate of Occupancy from Cherokee County. That in and of itself presents a unique set of challenges to navigate,” said McLean Hicklin, senior associate in Marcus & Millichap’s Columbia office. “This hotel serves as a fine example of Holiday Inn Express’ newest prototype construction, of which both buyer and seller should be very proud.”
Hicklin, along with Robert Hunter, first vice president in the firm’s Ft. Lauderdale office, exclusively represented the seller, a limited liability company based in Georgia. The buyer, a private investor in North Carolina, was also procured by Hunter and Hicklin. Ben Yelm, Marcus & Millichap’s broker of record in South Carolina, assisted in closing the transaction.
Holiday Inn Express is located at 1031 Hyatt Street in Gaffney, South Carolina. The brand-new, five-story, 81-room hotel is less than a mile from Gaffney Outlet Marketplace, a premium outlet mall. The hotel features an all-new business center, meeting facilities, fitness center, and outdoor pool.
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
