M&M BROKERS $1.8M SALE OF 157-ROOM HOTEL IN FREMONT, OHIO

FREMONT, OHIO — Marcus & Millichap has brokered the $1.8 million sale of Clarion Inn and Conference Center, a 157-room hospitality property located in Fremont, approximately 40 miles southeast of Toledo. The hotel is located at 3422 Port Clinton Road. The hotel sits alongside I-80/I-90, just two miles from downtown Fremont. Nearby attractions include the Fremont Speedway, the Sandusky County Fairgrounds and the Rutherford B. Hayes Presidential Center, which are all less than five miles from the hotel. Scott Brash of Marcus & Millichap’s Chicago downtown office represented the seller, a bank/financial institution. Lili Gewargis and Justin Westad of Marcus & Millichap’s Chicago downtown office represented the buyer, an Ohio-based private investor. Michael Glass of Marcus & Millichap’s Ohio office assisted in closing the transaction.