Marcus & Millichap Brokers Ebrahim Valliani & Michael Klar Sell Elgin & Algonquin Hotel For $19.2M

The hotel located at 2480 Bushwood Drive, 2270 Point Blvd, and 2595 Bunker Hill Drive in Elgin and Algonquin has been sold. The transaction was facilitated by Ebrahim Valliani and Michael Klar of Marcus & Millichap. The sale price for this hotel property was $19,200,000. It consists of 262 keys, with a price per key of $73,282. The deal was closed on 08/09/2022.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $19,200,000
• Address: 2480 Bushwood Drive, 2270 Point Blvd, 2595 Bunker Hill Drive
• Market: Elgin & Algonquin
• Brokers: Ebrahim Valliani & Michael Klar - Marcus & Millichap
• Keys: 262
• Price Per Key: $73,282

Ebrahim Valliani and Michael Klar, representing Marcus & Millichap, played a crucial role in facilitating the sale of this hotel property. The transaction took place in the Elgin and Algonquin market, adding significant value to the local real estate landscape.