Marcus & Millichap Inc.
08/19/2026 | Press release | Archived content
Marcus & Millichap Brokers Sale of Holiday Inn Express & Suites Near the Blue Ridge Mountains
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Marcus & Millichap Brokers Sale of Holiday Inn Express & Suites Near the Blue Ridge Mountains
August 19, 2026
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MARION, N.C., Aug 19, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a Holiday Inn Express & Suites in Marion, North Carolina. The asset sold for more than $150,000 per room.
"This transaction highlights the continued confidence out of area hotel investors place in our region's growth," said McLean Hicklin, senior director investments at Marcus & Millichap. "Demand for properties such as this one remains resilient, and it was a privilege to bring a successful close to this transaction for all parties involved."
Hicklin and Robert Hunter of Marcus & Millichap, in association with Charles Gallagher, the firm's broker of record in North Carolina, exclusively marketed the property on behalf of the seller, Sahas Hospitality, and procured the buyer, HIE Marion, LLC.
Located at 279 Kadire Drive, the four-story hotel sits on a 2.91-acre lot. The property totals 42,671 square feet and was built in 2019. Amenities include an outdoor pool, a business center, meeting room and a fitness center.
The property is directly off Interstate 40, between Charlotte and Asheville. It is close to the Blue Ridge Parkway, McDowell Technical Community College, Mission Hospital McDowell and Lake James State Park.
"This transaction highlights the continued confidence out of area hotel investors place in our region's growth," said McLean Hicklin, senior director investments at Marcus & Millichap. "Demand for properties such as this one remains resilient, and it was a privilege to bring a successful close to this transaction for all parties involved."
Hicklin and Robert Hunter of Marcus & Millichap, in association with Charles Gallagher, the firm's broker of record in North Carolina, exclusively marketed the property on behalf of the seller, Sahas Hospitality, and procured the buyer, HIE Marion, LLC.
Located at 279 Kadire Drive, the four-story hotel sits on a 2.91-acre lot. The property totals 42,671 square feet and was built in 2019. Amenities include an outdoor pool, a business center, meeting room and a fitness center.
The property is directly off Interstate 40, between Charlotte and Asheville. It is close to the Blue Ridge Parkway, McDowell Technical Community College, Mission Hospital McDowell and Lake James State Park.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 19, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 24, 2026 at 22:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]