SARASOTA, Florida—Marcus & Millichap announced the sale of the 97-room Comfort Suites Sarasota Siesta Key in Sarasota, Florida.  “Given the strength of the Sarasota market, the quality of the property and the hotel’s historical operating performance, this sale generated more competitive activity than we’ve seen in years,” said Robert Hunter, senior managing director, Investments in Marcus & Millichap’s Fort Lauderdale office. “There were multiple aggressive bids to acquire the hotel above target pricing, despite turbulent year-over-year regional revenue trends following the impact of Hurricanes Helen and Milton, among other challenging factors. We view […]

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