Marcus & Millichap Inc Announces Sale Of Fairfield Inn & Suites In Salem; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Marcus & Millichap (NYSE:MMI), a commercial real estate brokerage firm, announced the sale of a Fairfield Inn & Suites located in Salem, Virginia. The property was sold for an undisclosed price. The buyer was procured by the DDM Hotel Group of Marcus & Millichap on behalf of the developer, Kaylan Hospitality.
October 19, 2023 | 5:29 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Marcus & Millichap's sale of the Fairfield Inn & Suites could potentially increase the company's revenue, although the financial terms of the deal were not disclosed.
The sale of the Fairfield Inn & Suites by Marcus & Millichap could potentially increase the company's revenue. However, as the financial terms of the deal were not disclosed, it is difficult to estimate the exact impact on the company's financials. The news is highly relevant as it directly involves Marcus & Millichap and could be important for investors tracking the company's revenue sources.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100