Marcus & Millichap has arranged the sale of the 104-room La Quinta Inn & Suites hotel property in Clifton Park, N.Y. The property sold for $10.6 million. Other terms and conditions were not disclosed.
“We created a wide-ranging and competitive marketing process," said Kevin Laureno. “Our unmatched ability to access buyers and articulate future value generated a significantly above-list-price outcome, yielding nearly a dozen written offers with competitive terms and creating a win-win for both the buyer and seller.”
Laureno and Alexandre Duong, investment specialists in Marcus & Millichap’s Cleveland office, had the exclusive listing to market the property on behalf of the seller. John Horowitz is Marcus & Millichap’s broker of record in New York.
The four-story La Quinta Inn & Suites sits on 3.09 acres at 1749 U.S. 9. Built in 2017, the 46,266-square-foot hotel has amenities such as an indoor pool and a fitness center. The property caters to both business and leisure travelers, located just seven minutes from dozens of restaurants and Clifton Park Mall and 25 minutes from Albany International Airport.