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 La Quinta Inn & Suites Rome located at 15 Chateau Dr SE in Rome, Georgia. The 45-room hospitality property sold for $2.8 million, according to Benjamin Yelm, regional manager of the firm’s offices in the Carolinas.

Milin Mehta, Josh Williams, Joce Messinger, Jack Davis and Chase Dewese, investment specialists in Marcus & Millichap’s Charlotte and Charleston offices, had the exclusive listing to market the property on behalf of the seller, a Georgia-based private investor, and secured the
buyer, a Pennsylvania-based private investor. Additionally, John Leonard, Marcus & Millichap’s regional manager and broker of record in Georgia, assisted in closing this transaction. “Thanks to our marketing platform, we were able to secure a 1031 buyer who was eager to win this deal. It is also notable that the buyer was given a long-term franchise agreement with Wyndham Hotels & Resorts,” said Mehta.

Constructed in 2009, La Quinta Inn & Suites Rome offers complimentary Wi-Fi and HDTVs, minifridges, microwaves, hair dryers, ironing boards and coffeemakers in each of its 45 rooms. The hospitality property’s amenities also include a heated outdoor pool, free parking, a fitness center, laundry service and a business center.