Marcus & Millichap Sells Best Western Vero Beach Hotel In Florida For $6.4M

Marcus & Millichap has sold the Best Western Vero Beach hotel in Florida for $6.4 million. The hotel is located at 9330 19th Lane in Vero Beach. This transaction demonstrates the high demand for hotel assets in the state.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $6,400,000
• Address: 9330 19th Lane - Best Western Vero Beach
• Market: Vero Beach

The brokers involved in the deal were Ahmed Kabani and Kian McLean from Marcus & Millichap. The sale involved a 1031 buyer and was completed within 60 days with favorable financing terms. The property keys were 65, with a price per key of $98,462.

NOTE: Marcus & Millichap successfully completed the sale of the Best Western Vero Beach hotel for $6.4 million. This transaction highlights the strong demand for hotel assets in Florida and demonstrates the expertise and efficiency of Marcus & Millichap in closing deals within a short timeframe.