Marcus & Millichap Announces $4.9M Sale of Quality Inn & Suites in South Carolina

HARDEEVILLE, S.C., Sept. 16, 2024 - 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 a Quality Inn & Suites location in Hardeeville, South Carolina. The property sold for $4,900,000.

"We appreciate the trust from our repeat, out-of-state, client to successfully complete the transaction," said Joe Simpson, senior associate. "Through our marketing, we sourced an experienced buyer and want to congratulate them on adding to their existing portfolio."

Simpson, Jack Davis and Joce Messinger, investment specialists in Marcus & Millichap's Charleston office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer.

Quality Inn & Suites is located at 19000 Whyte Hardee Blvd., off Interstate 95, providing access to Savannah, Charleston and Hilton Head. The hotel features amenities such as a business center, meeting space, an outdoor pool and guest laundry facilities. The property is near Savannah/Hilton Head International Airport and popular attractions such as the Savannah National Wildlife Refuge and Island West Golf Club.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.