Marcus & Millichap Arranges the Sale of a 40-Room Hospitality Property

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 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 Days Inn & Suites by Wyndham – Siler City, a 40-room hospitality property located in Siler City, NC. The asset sold for $3 million, according to Benjamin Yelm, regional manager of the firm’s Charleston office.

Jack Davis, Chase Dewese, Eric Webster, Joce Messinger, Josh Williams and Milin Mehta, investment specialists in Marcus & Millichap’s Charleston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The listing team also secured and represented the buyer, another private investor. Yelm, Marcus & Millichap’s broker of record in North Carolina, assisted in closing this transaction.

“We were fortunate to assist a first-time buyer in purchasing this hotel. The property was on the market for less than a week before our buyer made an offer that was very close to the asking price,” noted Davis.

Built in 1999 and renovated in 2016, the two-story subject property is located at 1515 E. 11th St. in Siler City, NC. Its amenities include a lobby lounge area, a dining room and an outdoor swimming pool. Situated less than a mile off US-421, Days Inn & Suites by Wyndham – Siler City is centrally located between Raleigh, Durham and Greensboro, which are all within an hour drive.

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