Marcus & Millichap Brokers $34M Sale of Two Hotels in Middletown, New York

by Taylor Williams

MIDDLETOWN, N.Y. — Marcus & Millichap has brokered the sale of two hotels totaling 261 rooms in Middletown,  located about 75 miles north of New York City in the Hudson Valley region. The Hampton Inn and Courtyard by Marriott sold for a combined price of $34 million. Andrew Kern and Jerry Swon of Marcus & Millichap represented the seller, a limited liability company, in the transaction and procured the locally based buyer. Both parties requested anonymity.

You may also like