Press Release brought to you by Marcus & Millichap

MARCUS & MILLICHAP ARRANGES THE SALE OF A 66-ROOM HOSPITALITY PROPERTY

02/09/2017

TULSA, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Sleep Inn & Suites Central/ I-44, a 66-room hospitality property located in Tulsa, Oklahoma, according to David H. Luther, first vice president/district manager of the firm’s Houston office.

Skyler Cooper, a senior associate, in Marcus & Millichap’s Houston office, Chris Gomes, senior vice president investments, in Marcus & Millichap’s Dallas office, and Allan Miller, first vice president investments, in Marcus & Millichap’s San Antonio office, had the exclusive listing to market the property on behalf of the seller, a limited liability company in conjunction with Tom Mann the designated Tulsa broker of record.  The buyer, a limited liability company, was secured and represented by Skyler Cooper in Marcus & Millichap’s Houston office.  The district manager, broker, assisted in closing this transaction.

Sleep Inn & Suites Central/ I-44 is located at 8021 East 33rd Street South in Tulsa, an excellent location in the major Tulsa metropolitan statistical area.  The hotel is five miles from the Tulsa Expo Center and eight miles from the Bank of Oklahoma Center, a popular indoor sport and music arena.

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About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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Marcus & Millichap

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