Marcus & Millichap Declares Sale of Holiday Inn Instruct & Suites Sylacauga by IHG
SYLACAUGA, Alabama—Marcus & Millichap announced the sale of the Holiday Inn Instruct & Suites Sylacauga by IHG in Sylacauga, Alabama. The asset equipped for $5.8 million.
“Here is our 2d profitable transaction with our client,” acknowledged Terrence Jefferson, associate director, investments in Marcus & Millichap’s Atlanta office. “We sourced a first-time buyer from out-of-remark and closed the transaction with out any delays.”
Jefferson, Jack Davis and Joce Messinger of Marcus & Millichap, in affiliation with Eddie Greenhalgh, the firm’s dealer of document in Alabama, completely marketed the property on behalf of the vendor and procured the deepest buyer.
The property became once constructed in 2006 and has plans for future renovations as outlined in a property improvement understanding. The three-myth hotel has 60 guestrooms, at the side of traditional rooms and suites. The property entails on-web site parking, an indoor pool, a fitness middle, and an tournament role, and is directly off US-280 shut to Coosa Valley Scientific Heart, Talladega Superspeedway, and Lake Howard. Valuable employers within the remark encompass Blue Bell Creameries and Nemak USA.
