Marcus & Millichap Arranges $3.9M Sale of 82-Room Baymont by Wyndham Hotel in Lake City, Florida

LAKE CITY, Fla., March 17, 2025 – 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 an 82-room Baymont by Wyndham hotel property in Lake City, Florida for $3.9 million. 

“The sale of the Baymont by Wyndham Lake City underscores the continued appeal of hospitality assets in prime interstate locations,” said Joe Simpson, senior associate. “With its accessibility, and the buyer’s commitment to renovations and hands-on management, this property is poised for strong performance and future growth.” 

Simpson, Jack Davis, Joce Messinger and Terrence Jefferson, investment specialists in Marcus & Millichap’s Charleston office, had the exclusive listing to market the property on behalf of the seller, a Georgia-based investor. Ryan Nee is the firm’s broker of record in Florida. 

Baymont by Wyndham Lake City, located at 3598 W. U.S. Highway 90, sits on 4.03 acres directly off Interstate 75. Included in the sale is a five-bedroom, two-bathroom house with an attached one-bedroom, one-bathroom in-law suite, providing an on-site living option for an owner-operator or manager. Built in 1978 and recently renovated, the hotel’s amenities include a business center, meeting and banquet spaces, an outdoor pool and a fitness center.