Press Release brought to you by Marcus & Millichap

MARCUS & MILLICHAP ARRANGES THE SALE OF A 92-ROOM HOSPITALITY PROPERTY

08/10/2017

OCEAN SPRINGS, Mississippi, June 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 Super 8 Ocean Springs, a 92-room hospitality property located in Ocean Springs, Mississippi, according to David H. Luther, first vice president/district manager of the firm’s Houston office. The asset had a listing price of $1,900,000.

Skyler Cooper, senior associate in Marcus & Millichap’s Houston office, Chris Gomes, senior vice president investments in Marcus & Millichap’s Dallas office, Allan Miller, first vice president investments in Marcus & Millichap’s San Antonio office and Manish Sthanki, associate in Marcus & Millichap’s Baton Rouge office, had the exclusive listing to market the property on behalf of the seller, a private investor. Elizabeth Anne Williams, vice president investments and Broker of Record for Mississippiin Marcus & Millichap’s Memphis office, assisted in closing this transaction.

Super 8 Ocean Springs is located at 13838 Wilfred Seymour Road in Ocean Springs, Mississippi.

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About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 9,000 transactions in 2016 with a value of approximately $42.3 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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