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 Quality Inn Midland, a 68-room hospitality property located in Midland, Texas.
Chris Gomes, an executive managing director in Marcus & Millichap’s Dallas office and Allan Miller, senior managing director in Marcus & Millichap’s Austin office had the exclusive listing to represent the seller, a private investor. With only 21 days on the market, Gomes and Miller negotiated multiple offers on behalf of the seller and successfully secured the buyer – a limited liability company based in-state. Matt Omansky, senior associate, was listed on the deal as a supporting broker.
The Quality Inn Midland is located at 902 I-20, Midland, TX 79701. Various common area amenities at the property include a hot breakfast bar and dining area, indoor pool, meeting room, business center, guest laundry facilities, and fitness center.
The Miller-Gomes Hotel Team of Marcus & Millichap has sold over 600 hotels across the nation since its inception. The team has 89 active listings across 20 states, 18 hotels under contract, and closed 83 transactions in 2023. Moreover, in addition to their national presence, the Quality Inn Midland transaction marks the team’s 13th successful transaction in the Midland/Odessa Metropolitan Statistical Area since 2010, further solidifying their expertise and influence in the region.
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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
