Marcus & Millichap Facilitates $11.5M Sale Of Comfort Suites Barstow Hotel

The Comfort Suites Barstow, a hotel located at 2571 Fisher Boulevard in Barstow, Mojave Desert, was sold for $11.5 million. The property features 83 guest rooms and was part of a transaction facilitated by Marcus & Millichap. The sale was between a limited liability company and an individual trust, with representation from Andy Patel and Gordon Allred of Marcus & Millichap for both parties.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $11,500,000
• Address: 2571 Fisher Boulevard - Comfort Suites Barstow
• Market: Barstow
• Number of Keys: 83
• Price Per Key: $138,554

Andy Patel and Gordon Allred from Marcus & Millichap played crucial roles as brokers in the sale of the Comfort Suites Barstow hotel. The deal involved intricate negotiations between the seller, represented by the brokerage team, and the buyer. Their expertise and professionalism were instrumental in the successful transaction of this valuable property.