Marcus & Millichap Brokers Sale of 70-Room Welcome Suites Hotel in Springdale

Marcus & Millichap, Inc.

MMI

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Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has announced the successful sale of a 70-room Welcome Suites Extended Stay hotel in Springdale, Ohio. The three-story property, located at 11645 Chesterdale Road and built in 1988, features kitchenettes in each suite, on-site guest laundry, and vending amenities. The transaction was managed by investment specialists Michael Klar and Ebrahim Valliani from Marcus & Millichap's Chicago Oak Brook office, with additional support from the Miller-Gomes Hotel Team and Michael Glass, the company's Ohio broker of record. Both the buyer and seller were private investors.

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