Marcus & Millichap Sells Arlington Heights Hotel For $5.05M | 441 West Algonquin Road⁠ | Ebrahim Valliani, Christopher (Chris) Gomes, Allan Miller | Hotel | Sale

Summary

Sale

ILLINOIS

Hotel

55,960 sqft

The hotel located at 441 W. Algonquin Road in Arlington Heights has been sold. The transaction was completed on December 18, 2020 by Ebrahim Valliani, Allan Miller, and Chris Gomes of Marcus & Millichap. The property consists of 145 rooms, with a price of $5,050,000. The price per room was calculated at $34,828.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $5,050,000
Address: 441 W. Algonquin Road, Arlington Heights
Market: Arlington Heights
Brokers: Ebrahim Valliani, Allan Miller, & Chris Gomes - Marcus & Millichap
Rooms: 145
Price per Room (PPR): $34,828

Ebrahim Valliani, Allan Miller, and Chris Gomes from Marcus & Millichap represented the parties involved in this hotel sale transaction.

Players

All
4

Agents
3
Agencies
1

Ebrahim Valliani

Vice President Investments

$28.5M Sold

Christopher (Chris) Gomes

Senior Managing Director Investments

$10.2M Sold

Allan Miller

Senior Vice President

$12.6M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Ebrahim Valliani, Allan Miller, & Chris Gomes⁠ DATE: 12/18/2020⁠ ADDRESS: 441 W. Algonquin Road⁠ MARKET: Arlington Heights⁠ ASSET TYPE: Hotel⁠ ⁠ BROKERS: Ebrahim Valliani, Allan Miller, & Chris Gomes - Marcus & Millichap⁠ ⁠ PRICE: $5,050,000⁠ ROOMS: 145 ~ PPR: $34,828⁠

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Address441 West Algonquin Road⁠

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