Clifton Park, NY Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, have completed the sale of a 104-room La Quinta Inn & Suites hotel property. The property sold for $10.6 million.
“We created a wide-ranging and competitive marketing process," said Kevin Laureno. “Our unmatched ability to access buyers and articulate future value generated a significantly above-list-price outcome, yielding nearly a dozen written offers with competitive terms and creating a win-win for both the buyer and seller.”
Laureno and Alexandre Duong, investment specialists in Marcus & Millichap’s Cleveland office, had the exclusive listing to market the property on behalf of the seller. John Horowitz is Marcus & Millichap’s broker of record in New York.
The four-story La Quinta Inn & Suites sits on 3.09 acres at 1749 U.S. 9. Built in 2017, the 46,266-square-foot hotel features amenities such as an indoor pool and a fitness center. The property caters to both business and leisure travelers, located just seven minutes from dozens of restaurants and Clifton Park Mall and 25 minutes from Albany International Airport.

Sign up is quick, easy, & FREE.