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1535 East Main Street

Marcus & Millichap Sells Salem Days Inn Hotel For $3.1M

1535 East Main Street

Chase Dewese
Joce Messinger
Jack Davis
+ 2
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The Days Inn in Salem, VA, was sold for $3.1 million in a transaction facilitated by Marcus & Millichap. The hotel property located at 1535 East Main Street consists of 70 keys, with a price per key of $44,286. The sale took place on March 29, 2024, making it the fifth hotel transaction in Virginia for Marcus & Millichap within the last nine months.

Summary of transaction details:

The team at Marcus & Millichap, led by brokers Milin Mehta, Chase Dewese, Jack Davis, and Joce Messinger, successfully managed the marketing and sale of the Days Inn in Salem. Their expertise in investment sales was pivotal in securing a buyer for the property. The deal showcases the brokerage's proficiency in hotel transactions within the Virginia market.

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Chase Dewese's profile picture
Chase Dewese
Marcus & Millichap-image
First Vice President Investments
$3.1M Sold


Deal Summary
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IMAGE: 03/29/2024 ADDRESS: 1535 East Main Street MARKET: Salem, VA ASSET TYPE: Hotel BROKERS: Brian Hosey, Chase Dewese, Jack Davis, Joce Messinger & Milin Mehta - Marcus & Millichap SALE PRICE: $3,100,000 KEYS: 70 ~ PPK: $44,286 NOTE: Marcus & Millichap facilitated the sale of a Days Inn in Salem, VA, for $3.1 million, leveraging their expertise in investment sales. The brokerage's team, including Milin Mehta, Chase Dewese, Jack Davis, and Joce Messinger, successfully marketed the property and secured a buyer, marking their fifth hotel transaction in Virginia in the last nine months.

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Address1535 East Main Street


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