Marcus & Millichap Brokers the Sale of Comfort Suites Barstow, an 83-Room Hospitality Property

BARSTOW, Calif., July 2, 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 Comfort Suites Barstow, an 83-room hospitality property located in Barstow, California. The asset sold for $11,500,000.

“With the help of the firm’s tools and resources we received eight competing offers,” shared Andy Patel, first vice president investment in Marcus & Millichap’s Inland Empire office. Patel and Gordon Allred, senior managing director investments in the firm’s Inland Empire office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual trust, was also procured by Patel and Allred.

Comfort Suites Barstow is located at 2571 Fisher Boulevard in Barstow, California. This property is a highly ranked, select-service, 83-room hotel in a year-round market.

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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.