Marcus & Millichap’s Gordon Allred closes $97.2M in hotel transactions so far this year

The Best Western in Brookings, Ore.

Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, announced that Gordon Allred, SVP investments, closed 13 hotel transactions in 11 states totaling more than $97.2 million between Jan. 1 and Sept. 30, 2017.

“These hotel transactions are demonstrative of investor demand for limited-service properties, which comprise midscale and upper-midscale brands and accounted for nearly half of all branded hotel deals in 2016," Allred said in a statement. “Limited-service brands continue to be the focus among buyers this year, especially since financing remains accessible to the buyer pool in this segment.” Allred’s team is comprised of 10 hospitality specialists across the country.

Notable transactions by Allred and team include:

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


  • The $17.5M sale of Best Western Beachfront Inn in Brookings, Ore.
  • The $10.1M sale of a Waldorf Hotel Portfolio in Waldorf, Md.
  • The $9.72M sale of a Holiday Inn Express & Suites in Gunnison, Colo.
  • The $8.655M sale of a Holiday Inn Express in Southeast Indianapolis

Marcus & Millichap’s brokers of record for the sales are Adam Lewis in Oregon, Bryn Merrey in Maryland, Bob Kaplan in Colorado and Josh Caruana in Indiana.

With more than 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed nearly 9,000 transactions in 2016 with a value of approximately $42.3 billion.

Suggested Articles

Maestro now can be deployed in any combination of Windows, a browser or on a tablet while providing a centralized view of the guest.

The companies will be managing properties in Maryland and North Carolina, respectively.

Caesars Palace and the Four Seasons Hotel in New Orleans will get new restaurants from celebrity chefs early next year.