Marcus & Millichap Arranges the Sale of a 20-Room Hospitality Property in Sequim

SEQUIM, WA, April 18, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the successful sale of the Great House Motel, a 20-room hospitality property located in Sequim, Washington. The asset sold for $1,160,000, according to Joel Deis, Regional Manager of the firm’s Seattle office.

Allan Miller, Chris Gomes, Huberth Marak, and Skyler Cooper, investment specialists with the Denver office, exclusively represented the seller, a private investor. Donaven Santana and Whitney Rhoades, investment specialists in the firm’s Portland office, secured and represented the buyer, also a private investor, with support from local Regional Management.

“The seller was moving out of state and was willing to meet the market. The buyer was brought by another M&M multi-family group from Portland, and they represented a buyer who was treading into hospitality from rental properties. They were able to get an SBA loan and close within 90 days in a smooth transaction,” said Huberth Marak.

Originally built in 1965, the Great House Motel is located at 740 E Washington Street in Sequim, WA, just off Highway 101. Situated on 0.89 acres, the property features 20 guest rooms, several with kitchenettes, and all equipped with televisions, microwaves, and mini refrigerators.

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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.