Marcus & Millichap Brokers Sale of 91-Room Hotel in Grand Forks Metro Area

GRAND FORKS, N.D., Nov. 26, 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 the Baymont by Wyndham Grand Forks, a 91-room, four-story hotel located in Grand Forks, North Dakota.

Marcus & Millichap's Bina Dhanji and Skyler Cooper of the Miller-Gomes Hotel Team exclusively marketed the property on behalf of the seller, an out-of-state limited liability company. The buyer, an out-of-state limited liability company, was procured by Chris Gomes. Todd Lindblom is Marcus & Millichap's broker of record in North Dakota.

"Congratulations to all parties involved," said Bina Dhanji, associate. "Working together as a team helped facilitate a smooth transaction."

Built in 2015, the Baymont by Wyndham Grand Forks is located at 951 S 42nd St., near Interstate 29, directly across from the Alerus Center, and less than a mile from the University of North Dakota. The property includes an on-site restaurant, indoor pool, fitness center, business center, guest laundry facilities, and ample parking for buses, trucks, and recreational vehicles.

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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.